Bets Payoff On LeBron James’ Future Move Toward Miami Heat

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By Douglas A. McIntyre Updated Published

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Update Labron James has announced he will leave Miami for Cleveland.

Lebron James  is moving to the Miami Heat and leaving the Cleveland Cavaliers. At least that is what Intrade, a prediction betting market says. James will tell the public about his plans on ESPN tonight.

The James hype says a great deal about what has happened to celebrity observations. There was a time, not long ago, when the media could speculate about the plans of actors, sports heroes, movies, and TV shows. Now, the wisdom of the crowd has take over, much as it did long ago with the betting that goes with predicting the outcomes of sporting events. There is not a way to make money on LeBron and the performance of his team and Labron’s plans for his future.

The betting system is probably just as risky as roulette or Black Jack, but the fun is in the betting, as long as people can afford it.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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