Betting on the literary prizes

In England, they bet on who will win the big prizes, like the Nobel Prize for literature. For a number of reasons, there doesn't seem to be the same urge to put your money where your reading glasses are in the US. Still, the concept is fun. 'For an industry dwarfed by the money showered on other forms of entertainment like movies, television and videogames, betting adds an enjoyable bit of competition to the mix, and makes the conversation about books both more serious and less serious.' More... (Via)