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4 Ways Monopoly™ Teaches You About Startup Success

It has been a long time since our last Blog and we apologize for the recent silence. We’ve been working hard on improving our product and appreciate all of the feedback we receive. We’re going to make sure to post more frequently on here.

This post is not related to product updates or features but is a unique recap of what we’ve learned about entrepreneurship through starting GoSoapBox, and what advice we’d give to students interested in starting their own company.

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Analyzing Race Data: Lessons from Educational Technology

In the ever-evolving landscape of educational technology, tools designed to enhance classroom learning have proven to be invaluable. These tools, originally created to facilitate better engagement and assessment in educational settings, can also offer significant benefits in other domains. One such domain is horse racing betting, particularly for events like the Preakness Stakes. By applying data analysis methods from educational technology, betting enthusiasts can gain a deeper understanding of race data, thereby enhancing their betting strategies.

 

The Role of Data Analysis in Betting

Horse racing has always been a sport deeply rooted in data. Bettors analyze a myriad of factors such as past performances, jockey statistics, track conditions, and even the horse’s pedigree to make informed decisions. However, the sheer volume and complexity of this data can be overwhelming. This is where educational technology tools can come into play, offering structured and efficient ways to collect, analyze, and interpret this information.

 

Tools and Techniques from Educational Tech

Educational platforms like GoSoapBox provide several features that can be adapted for analyzing horse racing data. These include real-time polling, Q&A sessions, and data export capabilities. Let’s explore how these tools can be repurposed for betting analysis.

 

Real-Time Polling for Instant Insights

One of the standout features of GoSoapBox is its real-time polling capability. In an educational setting, this tool is used to gauge student understanding and gather instant feedback. In the context of horse racing, real-time polls can be utilized to collect and analyze public sentiment on various races. For instance, a poll can be set up to see which horse the majority believes will win a race. This data can provide valuable insights into public opinion, which, when combined with statistical data, can refine betting strategies.

 

Interactive Q&A for In-Depth Analysis

GoSoapBox’s Q&A feature allows for interactive sessions where students can ask questions and receive immediate answers. This can be adapted for use in betting forums or during live discussions about upcoming races. Bettors can ask experts specific questions about horses, track conditions, or even betting odds. The interactive nature of this tool ensures that bettors can clarify their doubts and make more informed decisions.

 

Data Export and Analysis

Another powerful feature of educational technology is the ability to export data for further analysis. GoSoapBox allows educators to export quiz results, poll data, and Q&A sessions into spreadsheets. Bettors can use similar functionality to export race data, betting trends, and analysis from different sources. By organizing this data into a spreadsheet, they can perform detailed analyses, spot trends, and develop predictive models.

 

Collecting and Analyzing Race Data

To apply these tools effectively, it is crucial to understand the types of data that can be collected and how they can be analyzed. Here are some steps to get started:

  1. Data Collection: Gather historical race data, including past performances of horses, jockey statistics, track conditions, and betting odds. This data can be sourced from race databases, betting websites, and historical records.
  2. Data Organization: Use spreadsheets to organize the collected data. Categorize it based on various parameters like race date, horse name, jockey, track condition, and performance metrics.
  3. Statistical Analysis: Apply statistical methods to analyze the data. This can include calculating averages, identifying trends, and performing regression analysis to predict future performances.
  4. Integration with Polling Data: Combine the statistical data with insights gathered from real-time polls. This holistic approach ensures that both quantitative data and public sentiment are considered in the analysis.

Practical Applications for Bettors

By integrating educational technology tools with race data analysis, bettors can enhance their strategies in several ways:

 

Developing Predictive Models

Predictive modeling involves using historical data to predict future outcomes. By analyzing past race data and integrating it with polling insights, bettors can develop models that predict the likelihood of a horse winning a race. These models can be refined over time with more data, improving their accuracy.

 

Identifying Betting Opportunities

Detailed data analysis can help bettors identify value bets – bets where the odds offered by bookmakers are higher than the actual probability of the event occurring. By spotting these opportunities, bettors can maximize their potential returns.

 

Enhancing Decision-Making

Interactive Q&A sessions with experts can provide bettors with deeper insights and clarify their doubts. This, combined with data-driven analysis, ensures that their betting decisions are well-informed and strategic.

 

Future Trends in Betting Technology

The integration of educational technology tools into betting is just the beginning. As technology continues to evolve, we can expect even more sophisticated tools that offer real-time data analysis, machine learning models for prediction, and advanced user interfaces for better interaction.

For instance, the use of artificial intelligence in data analysis can provide even more accurate predictions by identifying patterns that are not immediately obvious to human analysts. Additionally, virtual reality could offer immersive experiences where bettors can virtually inspect tracks and horses before placing their bets.

 

Conclusion

The application of educational technology tools to the world of horse racing betting offers exciting possibilities. By leveraging real-time polling, interactive Q&A sessions, and data export capabilities, bettors can enhance their data analysis and make more informed decisions. As these technologies continue to evolve, the synergy between education and betting will likely lead to even more innovative and effective strategies.

Incorporating lessons from platforms like GoSoapBox into the betting domain, particularly for Preakness Stakes betting, can provide a competitive edge. By embracing these tools, bettors can navigate the complex world of horse racing with greater confidence and success.

Major Update and Changes

We’ve recently made some major decisions in terms of our business model, and want to give you insight into what decisions we’ve made, why we made them, and how it affects you.

We’re a bootstrapped company, and have opted to not raise outside funding because we feel it’s in the best interest of our product. We’re focused on making a great product, and we want to be accountable to our users, not our investors. By bootstrapping we are able to focus on making decisions that lead to the best product possible, and avoid the pressure of making decisions based on a return on capital investment.

Just as you understand the importance of strategic decision-making in business https://vigilantwm.com/ is committed to guiding clients in managing their wealth according to their unique needs. The conscious choice to bootstrap for any company, foregoing external funding and prioritizing the development of a superior product. By doing so, you remain solely accountable to your users, allowing you to focus on creating the best possible wealth management solutions without being swayed by investor demands.

Bootstrapping though requires generating enough revenue to support ourselves as we continue to build and unfortunately we’ve determined that our current business model will not be scalable enough in the future to allow us to grow and compete with competitors who have raised outside funding.

So what’s changing?

We are no longer going to offer the individual teacher subscriptions to GoSoapBox. Instead we are introducing an alternative model that keeps GoSoapBox totally free for educators.

Here’s how it works…

  • Instructors can ask or require students to use GoSoapBox in their class, just like they do with textbooks and clickers.
  • Students purchase a GoSoapBox subscription at a very low cost ($10 per year). This subscription entitles them to use GoSoapBox with any class.
  • Each student will now receive their own account to sign in with.
  • Instructors will have access to use GoSoapBox for free

Integrating student accounts also opens the door for improving student performance tracking and analytics in the future. We have some exciting ideas on how to innovate this aspect of the product.

What this change means to you…

1. If you are a GoSoapBox user you can choose to upgrade to the ‘student account’ model. Each of your students will create their own account, and you will be eligible for the additional benefits in the future (Text message response integration, student performance tracking, etc.)

2. If you signed up for a trial of GoSoapBox before August 1st you are eligible to continue with the original subscription model as promised ($90 / year)

3. We will continue to offer volume discount pricing & pilots for Schools, Universities, and Districts. For more information please email john@gosoapbox.com

4. We will also continue to offer free trials for new users, and students are not required to create accounts during the free trial period.

Thank you for all of your support along the way. It’s been an exciting few months since our initial launch and we really appreciate all of our users’ help.

We have some exciting new features that are ready to be rolled out so stay tuned for those!

Using GoSoapBox With PowerPoint

The most common feature request that we receive is for polling integration into PowerPoint & Keynote. A full integration is something that we are working towards but requires a heavy development effort.

We know that many teachers use PowerPoint slides to guide their lectures and we feel bad that we aren’t able to offer full slide integration yet, so we recently developed a new feature called ‘Instant Polling’.

Instant Polling is a simple feedback tool that relies on external sourcing of questions. If you have put together some questions in PowerPoint or Keynote, and don’t have the time to migrate those into GoSoapBox’s Poll or Quiz features, you can use Instant Polling.

Students get a simple menu of choices (you can control the number of these), and you see a real-time histogram of their responses.  When you are ready to move onto the next external question, select “Clear Data” and the histogram readies itself for new responses.

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Happy Teachers Appreciation Week!

Through our friends at Toodalu.com (another Chicago based startup), we have the opportunity to donate a percentage of our business expenses directly to a charity of our choice and we thought, what better way to show our appreciation for teachers than donating money to an education based charity of their choice? So that’s what we’re doing.

 

How It Works…

Any time we use our credit card at a Toodalu partnered establishment, 5% of the expense will be directly donated to a charity of our choice.

  • We have also linked our personal credit cards to Toodalu, and will donate those returns to the same charity.

How Do You Get Involved?

We’ve created a GoSoapBox event and have listed a few education based charities to get the ball rolling.

  • Vote for one of the charities already listed, or add in your own!
  • We have the opportunity to donate to any charity we choose. Feel free to add any education based charity around the world… just make sure to include enough info.
  • At the end of next week we will link our credit cards to the charity that has the most votes.

Teachers play one of the most important, and perhaps under appreciated roles in our world and we’re excited about this opportunity to give a little back. We don’t want to limit the voting to GoSoapBox users, so feel free to share the information with any other teachers in your life.

Thanks for all you do,

John & Dave

 

GoSoapBox Behind The Scenes

Our users play a huge roll in building our product, and we like to think of you as ‘Part of the team’, so we want to give you guys a little more visibility into the company behind the product.

GoSoapBox is based out of Chicago, IL. While the epicenter of technological innovation has long been linked to Silicon Valley, over the past few years Chicago has quietly made it’s way onto the entrepreneurial scene. With an increasing number of resources for entrepreneurs to access, we are really excited to be part of this growing ecosystem of innovation.

Downtown Chicago

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yesterday marked the official opening of one of Chicago’s newest and most exciting initiatives towards promoting this entrepreneurial community. A brand new, 50,000 sq foot, co-working and incubation space called 1871. 

 

 

 

 

 

 

1871 is the new headquarters of GoSoapBox….let us show you around!

The collaborative workspace at 1871

1871 is the new home of 65 of Chicago's fastest growing tech start-ups

 

143 foot-long glass white board at 1871

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home to three local universities: Northwestern, University of Illinois, University of Chicago and IIT

In-house Coffee Shop

28 private conference rooms & impressive wall to wall murals

They holds daily entrepreneurship classes with topics ranging from Law to Sales to Design & Development.

The Omari Effect

How a twelve year old and his bicycle deepened my appreciation for learning.

My name is Blair Kessler and I am a junior at Northwestern University, studying Economics and Entrepreneurship. This Spring I will be interning with GoSoapBox .

I spent this past summer working in the education branch of Outreach Zanzibar; a start-up Non-Governmental Organization (NGO) in Zanzibar, Tanzania.  Situated off the coast of mainland Tanzania and north of Madagascar, this archipelago lies approximately 8,500 miles away from sweet home Chicago.

It was my responsibility to implement an English based curriculum into Unguja Ukuu primary school, located in a remote village on the Eastern coast of the Island.  The village primarily served as the home to “fish-mongers,” supplying five star resorts across the island with fresh seafood.  It was the ultimate goal of many of the students I would work with over the next three months to be successful “fish-mongers.” It was my goal to challenge this intuition, by providing a platform in the classroom to best prepare them to continue their education, or at the very least become aware of what other opportunities are out there, like as simple as letting them know about the Ph.D in Environmental systems opportunities.

The Unguja Ukuu complex is split in half by the main road that runs into the center of commerce on the island, Stone Town.  On the right hand side of the road is the primary school and on the left is the secondary school.  Each school is spread across five tin-roofed, open-air classrooms, filled with hand crafted benches and desks facing the teachers’ podium and large black slate, that serves as the blackboard. I spent some time in my youth installing artificial grass in Denver specifically for soccer fields. Seeing the field the use everyday was such a shock. Behind the secondary school lies an open field that serves as grounds for the village’s cattle during the evenings and school’s soccer pitch during the day.  Playing soccer was a very rich and humbling experience. Students without shoes would run circles around me, across the field strewn with cow manure and “prickers,” not phased in the least. Their enthusiasm and interest in soccer was the main reason why I bought them Football cleats so that they could practice better. During the gameplay, I even thought them a few basic rules which they quite never knew existed such as Chip pass and Clear.

Unguja Ukuu Students On The Soccer Pitch

For lunch students would pay 100 Tanzanian schillings (equivalent of $0.05) for a cup of pink bean porridge.  Curious of who this “mzungu” (white-person) was at their school, students flocked at the opportunity to eat and even share their porridge with me in hopes of learning a new word of English or teaching me a few words of their native tongue, Swahili.

Each student was responsible for supplying a notebook for each subject, comparable to a Blue Book, which was to last them the length of the academic year.  The students of Ungujua Ukuu never had their own textbook and were accustomed to being taught lessons by under-qualified teachers who showed up late and unprepared; a stark contrast to their peers in first world countries.

In the classroom at Unguja Ukuu, where tools, resources, and technology were limited, I was amazed by the student’s high level of engagement and eagerness to learn. They surpassed any other group of students I had taught before. I can only envision the excitement these Unguja Ukuu kids would experience if they had the opportunity to use an application like GoSoapBox! It is truly a testament to the power of education and how the right tools can ignite a passion for learning. If you’re interested in exploring more about empowering students and enhancing their educational experience, definitely check it out at this site.

One student in particular, named Omari, stood head and shoulders above his peers in terms of drive and curiosity.  Each morning and afternoon, Omari would meet me on the road into school on his bike and offer me a ride to beat the hot Zanzibar sun on the three-mile stretch, in exchange for sharing the English word of objects that we would come across on the ride, or that had occurred that day.  Personally, I don’t know many seventh graders anxious to tug a former defensive lineman on the back of their bike, just to soak up a few more bits of knowledge.  Omari taught me far more than I thought any seventh grader ever would, and it is his story and love for learning that has brought me to join an education based start-up.

Omari and I

Never in the last 20 years of my formal education have I seen an appreciation run so deep through a group of students, or such genuine interest and curiousity in learning as I did in Zanzibar.

As I reflect back upon the strong academic foundation that I have built, and the opportunities that presented themselves throughout my academic career, I have a new found appreciation for the people and institutions that allowed me to get to where I am today.  Driven by the conversations over porridge at lunch, Omari’s ride to and from school, and the genuine enthusiasm for learning that I witnessed in Zanzibar, my appreciation for the educational opportunities that lie ahead of me has never been stronger.

I hope that my story will inspire you to feel the same thirst for knowledge as Omari, who was eager to lug a 220 pound lineman for three miles on the back of his bike in order to learn a few new words of English each day. With today’s technology, we have access to a world of knowledge within a few clicks of a mouse. The next time you find yourself watching reality TV, or browsing Facebook, I challenge you to think of Omari and his friends sitting patiently on their wood bench, waiting for their teacher to show up to class. Do right by Omari and take advantage of the resources that are available to us. Be eager to learn something new, or better yet, teach a friend something new. There’s a group of kids 8,500 miles away who I know would appreciate it.

Unguja Ukuu Students Waiting For Class To Start

Unguja Ukuu Students Waiting For Class To Start

 

Thank you for taking the time to read this post.  Please feel free to reach out to me with questions or feedback at: blair@gosoapbox.com

Gamification in E-Learning and Online Casinos: Bridging Engagement Strategies

In the realm of digital innovation, both e-learning platforms and online casinos have adopted gamification as a pivotal strategy to enhance user engagement. At GoSoapBox, we’ve seen firsthand how gamification can transform educational experiences. Interestingly, a similar trend is evident in the online casino industry, particularly within the online casino Nederland niche. This article delves into how gamification principles are employed in both sectors to create compelling, interactive environments that keep users invested and motivated.

The Power of Gamification
Gamification leverages game design elements in non-game contexts to motivate and increase user engagement. This approach has proven effective across various industries, from education to entertainment. By incorporating elements such as points, badges, leaderboards, and challenges, platforms can create a sense of achievement and competition, driving users to participate more actively.

Gamification in E-Learning: The GoSoapBox Approach
At GoSoapBox, our mission has always been to make learning more interactive and enjoyable. Our tools, such as the Confusion Barometer, live polls, and quizzes, are designed to make students more engaged during lessons. The recent introduction of features like the Quiz Dashboard and threaded discussions further enhances this experience by providing real-time feedback and fostering interactive dialogues.

Quiz Dashboard: Real-Time Engagement
One of the most heavily used features on GoSoapBox is the Quiz functionality. With the new Quiz Dashboard, educators can monitor student progress in real time. This not only allows for immediate intervention when students struggle but also adds a competitive element as students can see how they are performing relative to their peers. The real-time updates every 20 seconds ensure that the learning process is dynamic and engaging.

Threaded Discussions: Encouraging Active Participation
Our threaded discussions feature, though simple in design, has significantly improved classroom engagement. By allowing two levels of discussion, students can delve deeper into topics, respond to each other’s comments, and build on ideas in a structured manner. This format, while not as complex as a full-on debate forum, strikes a balance that encourages meaningful interactions without overwhelming students.

Gamification in Online Casinos: The Allure of Rewards
Similarly, online casinos, including those catering to the “online casino Nederland” market, have harnessed gamification to create immersive experiences for their users. Casinos employ a range of game mechanics to keep players engaged, from loyalty programs and tiered rewards to interactive games that mimic video game experiences.

Loyalty Programs: Building User Retention
Loyalty programs are a staple of online casinos, rewarding players with points for every game played. These points can be redeemed for bonuses, free spins, or other perks, incentivizing continued play. The tiered nature of these programs, where players can ascend to higher levels with better rewards, mirrors the achievement systems used in e-learning platforms to motivate students.

Interactive Games: Enhancing the Player Experience
Online casinos have also introduced games that go beyond traditional slot machines and card games. These interactive games often include elements like story progression, missions, and challenges that players must complete to earn rewards. This approach transforms gambling into a more engaging and diversified experience, much like how GoSoapBox’s interactive features enhance the learning process.

Cross-Industry Insights: Learning from Each Other
There is much that both the e-learning and online casino industries can learn from each other regarding gamification. For example, the educational sector can adopt more personalized rewards systems akin to casino loyalty programs to further motivate students. Conversely, online casinos can benefit from incorporating more educational elements into their games, such as quizzes and problem-solving challenges, to appeal to a broader audience.

Personalization: The Next Frontier
One of the most promising areas of cross-industry innovation is personalization. In education, personalization involves tailoring learning experiences to meet individual student needs, preferences, and pace. Online casinos can apply this principle by offering personalized game recommendations and rewards based on player behavior and preferences. This can create a more customized and engaging experience for users, whether they are learning algebra or playing poker.

Ethical Considerations
While gamification offers numerous benefits, it’s essential to consider the ethical implications. In education, it’s crucial to ensure that gamification doesn’t overshadow the primary goal of learning. Similarly, in online casinos, operators must be mindful of promoting responsible gambling and not encouraging addictive behaviors through gamified elements.

Conclusion
By understanding and applying the principles of gamification, these industries have created more engaging, interactive, and rewarding experiences for their users. As we continue to innovate and learn from each other, the potential for enhancing user engagement across various digital platforms is limitless. Whether in a classroom or a casino, the power of gamification lies in its ability to make participation more enjoyable and meaningful.

By focusing on real-time engagement, fostering interactive discussions, and leveraging personalized rewards, both sectors can continue to captivate and motivate their audiences. The future of gamification holds exciting possibilities, promising to make both learning and gaming more dynamic and impactful.