In addition, participants predicted outcomes for the first 10 matches of the 2008 UEFA European Football Championship. Participants were classified as being in one of three categories: (a) "Experts": The experts are professional or semiprofessional football players, coaches, or football sport journalists whose work was related to the 2008 UEFA European Football Championship. Spearman correlations with Bonferroni's correction (p = 0. We also used a paired samples t-test to test whether gamblers had a greater number of correct outcomes than chance when forecasting the results of the games. 016; the exact formula for the binomial distribution is given by p x = ( x n ) p x 1 − p n − x , where x is the number of successes and n the number of trials) is not the same as the probability of predicting 7 outcomes out of 10, given all the information in the bettor's possession (0. 7; given by the assumption: 7 correct outcomes out of 10 games). For the categorical factors "gender" and "expertise," the reference groups were levels 2 and 3, respectively.
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