Good idea! :]

Hi Patrick,
I’m not a gambler but for anyone who is it could be a nice feature. On the other hand by adding ‘gambling facilities’ CH could seem to be less serious.
Tommy

I don't like to see gambling mixed with entrepreneurship.

One reason is because gambling diverts attention and resources away from the core job of creating and building businesses.

I am totally against this idea but it's not personal to you, Patrick.

I would also point out that there are lots of legal issues attached. There is no good reason for CH to get involved in something that would be such a distraction and which would not further CH's mission.

I see your point Jill. I think it could be worth a try, maybe a month or something. Let's see how it does in the competition.

Thanks!

I agree, PJ, it will be interesting to see the voting and the comments on this one.

cheers,

jill

Isn't gambling illegal in Canada? unless you are at licensed casino etc.

i dont think it will really be gambling....it can be a part of CH process! :)

fossiloflife i love you

It might be possible to run it as a game of "predict the winner" - more of a skill thing than a chance thing.

I am not commenting on the legalities but in general I think the problems arise as soon as there is money involved.

So, Patrick, my question is, what is the thrill of the game here, as you see it? Is it the quest to be the best predictor, or the chance to win some kind of valuable (?) prize?

And do you think that running this sort of contest would skew the voting on the actual ideas?

Do you think this simply duplicates the voting?

I guess I would like to know more about your vision. Please ;-)

I wold rather CH put their money into investing in their platform rather then paying its users to develop ideas.

Does this idea involve CH paying users? I thought the gamblers did the gambling among themselves with whatever cambros they might have.

Patrick?

You're right Jill, users would use the cambros they have. CH wouldn't pay, it would just be a fun add on for users.

How does this compare to the inkling market?

(I found the inkling thing too complex for my simple brain, personally, but I think others would say it was very simple).

Wait, i feel stupid.

Please explain.

Sorry, Patrick, I can't explain inkling very well but I believe Gods_Light has used it.

I "think" you go to inkling.com and set up your own "prediction market" there for something you want to predict the outcome of. You have inkling currency. You hope that a critical mass of interested parties join your market so the predictions begin to have some meaning.

It is modelled on a futures market but I am really sketchy on details b/c I didn't have the patience to figure it out. You might find it interesting, though, and perhaps if you messaged Gods_Light he could add some info.

Cheers.

hmm

i think ill do that

Would work better outside of CH than inside it. CH has to focus on its own business.

Is it same as inkling?

Cool idea! =D

meh i think keeping it in would be better

have it managed by the community

but youre right, probably wont happen

I fold.

I can't say I'm really motivated to get more "Cambros." I'm liking Cambrian House the more I use it, but the biggest benefit is not "Cambros" but getting good feedback on my ideas and helping others in the same way.

I think it's a fun idea, but I'm concerned that it might mess up the voting results due to people trying to win their bets. It's really not that hard to rig an Internet contest.

A market based system for "voting" on ideas would be far superior to the process that CH uses now. As it stands, it is easy to "cheat" the system by getting several friends to sign up and vote for your idea. As soon as money is involved people start to actually "think" about what they are voting for or against. CH selling Cambros and then asking users to allocate Cambros to the ideas they feel most deserving (vote) would provide the most efficient method of capturing the knowledge of the masses.

Actually, statistically speaking, predict the winner could be a very viable alternative to the entire voting process. The concept of "investing" in an idea would be a much more reliable indicator of success than our five star process allows.

Here's the idea: you get a certain amount of points (maybe not cambros per se) on a weekly basis. You "invest" those points in ideas. Ideas that go on to future rounds yield a return on investment by glory points, royalty, and/or cambros. You may not invest in your own ideas.

Microsoft has recently implemented the type of betting system to get a better handle on the actual deploy of their development projects. The problem: there was a huge discrepancy between what managers reported and what the reality actually was. The betting system closed the gap by letting people with the highest confidence of the potential reality to do the reporting instead of people actively involved in CYA.

Similarly, betting models have shown to be significantly better at predicting outcomes than any form of polling. I say we bet!!!

dew2105 speaks the truth - thanks for giving us some additional ideas for the "betting room" idea.

we did this with Inkling Markets for a few rounds... it was nothing to do with Cambros... Seeing as how I ran most of them... It was A LOT of work... With LITTLE participation or reward

CH should go for productivity. Gambling has none of it!

YOu got my 4 stars on this one!

But it'll add something fun to do at the beginning of the week

and Thanks Saigon