If gambling on the Winter Olympics is your cup of tea, then you should probably meet Daniel Johnson. Johnson is an economics professor at Colorado College and he has predicted, with at least 93% accuracy, the amount of medals that a country has won at an Olympic games. Here is how he does it:
This Man Can Make You Money On The Winter Olympics If Gambling Were Legal
↵↵His forecast model predicts a country’s Olympic performance using per-capita income (the economic output per person), the nation’s population, its political structure, its climate and the home-field advantage for hosting the Games or living nearby. “It’s just pure economics,” Johnson says. “I know nothing about the athletes. And even if I did, I didn’t include it.”
↵↵For those north of the border, Johnson is predicting that the Canadians will walk away with the most medals -- 27 total, with five gold -- and with odds of 4/1, that should be a fairly good bet. The United States can expect 26 medals, with five golds as well.
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