Worldwide sporting events do not only attract the interest of millions of TV-viewers but also stimulate people to make predictions and speculations of the outcomes. Take, for example, the World Cup in football. Several weeks before and during this event, the media typically publish multiple columns where football experts, or pundits as they are often called, discuss the chances of certain outcomes in the coming matches and offer forecasts. In connection to important matches, the media may also ask the allegedly less knowledgeable general public about their expectations of how the matches will end. In addition, many individuals try to predict results of the sporting event and then bet money on their predictions. In this paper, we take a look at the forecasting ability of those bettors (or punters, as they may also be referred to) by presenting results from an empirical study that addressed the ques-tions: How well do individuals with varying levels of relevant knowledge predict the game of football and how confident are they in their predictions