Parimutuel Pick’em Pools and the Ontario Lottery

The 1993 film “Searching For Bobby Fischer” is about, according to Wikipedia, parents who “hire a strict instructor who aims to teach the boy to be as aggressive as chess legend Bobby Fischer. The title of the film is a metaphor about the character’s quest to adopt the ideal of Fischer and his determination to win at all costs.” This is a perfect analogy for what we’re going to be discussing today.

Instead of chess, the game in question is the parimutuel NFL pick’em pool. My analysis focuses on the pool offered by the Ontario Lottery Corporation, but the conclusions are likely applicable to other similar games as well. The Ontario Lottery pool…  continue reading

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