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Chus
 Post subject: Want some free money?
PostPosted: Wed Apr 28, 2010 1:42 pm 
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at bookmaker, take Detroit to win the Cup +1000 and
at matchbook, take Detroit to not win the cup at -950

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Hawkeye Vince
PostPosted: Wed Apr 28, 2010 3:05 pm 
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If I put up 100 on the +1000 and 950 on the -950, that means I got a 1050 investment. If they don't win, I get 1050 back and break even. If they win, I get 1100 back and make 50 bucks. Am I understanding this right?
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newper
PostPosted: Wed Apr 28, 2010 3:20 pm 
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Hawkeye Vince wrote:
If I put up 100 on the +1000 and 950 on the -950, that means I got a 1050 investment. If they don't win, I get 1050 back and break even. If they win, I get 1100 back and make 50 bucks. Am I understanding this right?

You could put 995 on the -950 instead and make $5 if they win and make $4.74 if they lose.

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Hawkeye Vince
PostPosted: Wed Apr 28, 2010 3:47 pm 
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newper wrote:
Hawkeye Vince wrote:
If I put up 100 on the +1000 and 950 on the -950, that means I got a 1050 investment. If they don't win, I get 1050 back and break even. If they win, I get 1100 back and make 50 bucks. Am I understanding this right?

You could put 995 on the -950 instead and make $5 if they win and make $4.74 if they lose.

So let me get this straight, to buy a Happy Meal at McDonalds, I would have to 'wager' 1095? :lol:
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Chus
PostPosted: Wed Apr 28, 2010 9:21 pm 
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There isn't a huge ROI on these wagers, but it is guaranteed profit.

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Mr. Reason
PostPosted: Wed Apr 28, 2010 9:25 pm 
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arbitrage

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