Anyone See Free Money Here?

[Jimmy Hoffa]

2008 PRESIDENTIAL ELECTION - WINNER: 2008-02-29 09:0

Spread Price Spread Price HILLARY CLINTON 0 +500 BARACK OBAMA 0 -125 JOHN MCCAIN 0 +150 MITT ROMNEY 0 +0 Off MIKE HUCKABEE 0 +7,500 RON PAUL 0 +8,000 THE FIELD 0 +1,800

[Flamingo kid]

Bet whatever you want on Ron Paul. This bet is a.....

[dirty]

yes if you bet on Obama

[Jimmy Hoffa]

Here's the play:

Bet 1: (McCain)	$720.00	@ +150
Bet 2: (Obama)	$1,000.00	@ -125

Total Investment:	$1,720.00
Total Return:	$1,800.00
Total Profit:	$80
ROI:	4.65%

[dirty]

Can't beat that

[Jeff Jones]

Once anybody mentions "free money" in connection with gambling, you're doomed.

[dirty]

Originally Posted by Jeff Jones

Once anybody mentions "free money" in connection with gambling, you're doomed.

How do you figure... he makes $80 No matter how you slice it and that is a Profit last time I checked

[Halifax]

Originally Posted by Jimmy Hoffa

Here's the play:

-125 = Good Line on Obama

+150 = Lousy Line on McCain / Repubs .... should be able to get close to +200 on that side of the bet with some looking, +180 without looking much

[Jeff Jones]

Well, as a math problem, I guess it's the right answer.

But the question is:

1) If you are the average EOG poster why are you tying up $1720 for nine months to make $80?

2) And if you are rich beyond compare, why would you do this for $80?

Fine. Do it.

You can't make it up.

[Jimmy Hoffa]

Originally Posted by Jeff Jones

If you are the average EOG poster

I'm not.

[Jeff Jones]

Below average is respected as well.

[The General]

Good stuff guys

[PSUONE]

Originally Posted by dirty

How do you figure... he makes $80 No matter how you slice it and that is a Profit last time I checked

I know the whore is a long shot but free money?

[chandler1981]

Jimmy, before I read down to your bet I was going to mention this scenerio. I didnt do the math but I appreciate you sharing! Looks like free money to me.

[chandler1981]

I might just take a chance on McCain pullin through.

Have you seen a future for Dem Candidate and Rep Candidate. Im sure the odds are terrible for Obama and McCain tho. Prob -550 to -800??

[dirty]

Originally Posted by PSUONE

I know the whore is a long shot but free money?

She has no shot... I watched the debate last night and Obama made her look like a Idiot....

Originally Posted by chandler1981

I might just take a chance on McCain pullin through.

Have you seen a future for Dem Candidate and Rep Candidate. Im sure the odds are terrible for Obama and McCain tho. Prob -550 to -800??

McCain better become a better Public speaker.. Obama will run Circles around him in a Debate....

[Grand Master B]

never a free shot when you're tying your cash up offshore for that long. Hell, online savings accounts are paying just about that much and they're federally insured.

terrible idea.

[PSUONE]

Well...... wouldnt you guys just max bet Obama at -265ish for Dem at all the books?

U.S.A. ELECTIONS
U.S.A. ELECTIONS - Mar 04

DEMOCRATIC TEXAS PRIMARIE - WINNER
3 /04 /0812:00 AM
15993

BARACK OBAMA

-265



15994

HILARY CLINTON

+215



15995

THE FIELD

+2400



DEMOCRATIC OHIO PRIMARIE - WINNER
3 /04 /0812:00 AM
15596

BARACK OBAMA

-105



15597

HILARY CLINTON

-125



15598

THE FIELD

+3000



2008 U.S.A ELECTIONS

PARTY TO WIN THE PRESIDENCY
3 /04 /0812:00 AM
1001

REPUBLICAN PARTY

+125



1002

DEMOCRATIC PARTY

-230



1003

ANY OTHER PARTY

+3000



2008 PRESIDENTIAL ELECTION -WINNER
3 /04 /0812:00 AM
15980

HILLARY CLINTON

+600



15981

BARACK OBAMA

-180



15983

JOHN MCCAIN

+115



15991

THE FIELD

+7750

[The Prophet]

Originally Posted by Jimmy Hoffa
Here's the play:

Bet 1: (McCain) $720.00 @ +150
Bet 2: (Obama) $1,000.00 @ -125

Total Investment: $1,720.00

Total Return: $1,800.00

Total Profit: $80

ROI: 4.65%

JEFF JONES: Well, as a math problem, I guess it's the right answer.

But the question is:

1) If you are the average EOG poster why are you tying up $1720 for nine months to make $80?

2) And if you are rich beyond compare, why would you do this for $80?

Fine. Do it.

You can't make it up.

HOFFA: I'm not.

JEFF JONES: Below average is respected as well.

I THINK I JUST SPILT SOMETHING...


BUT DOES IT OUT DUEL THE DSETHI DEAL?






.

[munson15]

Originally Posted by Jeff Jones

Below average is respected as well.

Jeff, you keep betting and losing, and guys like Jimmy can keep picking up the leftovers and piling up their chips.

[munson15]

Originally Posted by Jimmy Hoffa

Here's the play:

I love it, like buying a 9 month CD. With interest rates as low as they are, that's a fine ROI. I'm guessing you don't have access to the better lines that are available on McCain. Congrats, Jimmy.

[Grand Master B]

It puzzles me how guys can equate tying your money up at oddsmaker for 9 months to a cd.

Way too much risk for the extra $15 for me.

[Jimmy Hoffa]

The appeal here is that the scalp is at the same book rather than scalping across 2 platforms.

[Reload]

I'm not a huge expert on betting elections but over the years I've noticed it's best to wait for the national conventions. During the Democratic convention, the Democrats look real strong and the odds get jacked that way so bet Republican then. Same thing for the Republican convention - that's when to get the best odds for the Democratic party candidate.

[munson15]

Originally Posted by Grand Master B

It puzzles me how guys can equate tying your money up at oddsmaker for 9 months to a cd.

Way too much risk for the extra $15 for me.

If you can't trust the most solid books then you shouldn't have any money offshore. If you do, then the ROI is better than a CD, that's all I'm saying.

If you are saying that oddsmaker is a risky place, then you may have a point. I didn't notice the book he played it at, and I don't know a lot about them.

Would you feel differently if he had placed the action at 5dimes, Matchbook or the like?

[Jimmy Hoffa]

After Hillary fizzles out next week these kinds of prop scalps will be non-existent.

[Reload]

It's good general advice to only bet elections that are a while away at only the most solid books. A lot can happen with weaker books, especially during this time of year. They could get killed with March Madness, baseball, etc. and await football to bail them out in the fall which it may or may not do. Some books might also jerk people around and wait until the inauguration to pay up on elections while more solid places will pay the day after election night. Like any other "future" sorts of bets, just be a little careful.