System and method for creating and scoring a prediction game

A method is provided for creating a prediction game. This method includes the steps of selecting an outcome relative to which a prediction may be made; receiving predictions regarding the outcome from a plurality of players; measuring the accuracy of each player's prediction compared with the actual outcome, and computing a score for each player in accordance therewith; and ranking the players in accordance with the respective scores. In an embodiment, the game is a competition among the players, to see who makes the most accurate predictions. The measuring step may also include calculating a value for each player representing a difference between the player's prediction and the actual outcome. The computing step may also include performing a statistical analysis of all the values relating to the outcome.