BidIndex – the Olympic bid rating system developed by GamesBids.com and used to measure an Olympic bid’s potential for success – will have its 2022 edition premiered Tuesday.
Only Almaty, Kazakhstan and Beijing, China remain in the race to host the Games – a quiet yet transformative campaign that could help define how future cities are chosen to host the Games. The election will be held July 31 in Kuala Lumpur.
The race started late in 2013 with six cities, but all four European hopefuls later dropped out for various economic and political reasons providing a catalyst for the International Olympic Committee (IOC) to pass bid reforms as part of its Agenda 2020. After many nations resisted bidding due to perceived high hosting costs and embarrassing “white elephants” as legacies, the reforms helped cities propose more economical and sustainable Games.
The widely acclaimed BidIndex mathematical model has been used to gauge the past seven Olympic bid campaigns and accurately illustrated whether a short-listed bid was one of the leaders, or just an also-ran. BidIndex successfully scored the past three elected host cities – Tokyo 2020, PyeongChang 2018 and Rio 2016 – the highest amongst its rivals.
This complex model is a result of years of research and development by analysts with expertise in statistics, mathematics and the Olympic Bid process. Information for BidIndex is obtained from both public and inside sources as well as GamesBids.com’s extensive Olympic bid archive.
While it is impossible for anyone to know which city will win a bid, BidIndex combines the current geopolitical and technical status of a bid and estimates how it might compete based on past voting patterns. Since the IOC does not always pick the best quality bid, BidIndex does not predict the winner or rank the bids. It is designed to measure how closely each bid compares with past successful bids.
BidIndex has inspired imitations but none can match the history, research and depth of analysis that goes into this rating system that has been developed by long-time professionals in the sports event bidding industry.
BidIndex will be released exclusively on GamesBids.com.
Full pre-release BidIndex information is available on GamesBids.com.
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