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Want some free money?
https://mail.chicagofanatics.com/viewtopic.php?f=129&t=45614		 Page 1 of 1
Author:  Chus [ Wed Apr 28, 2010 1:42 pm ]
Post subject:  Want some free money?
at bookmaker, take Detroit to win the Cup +1000 and
at matchbook, take Detroit to not win the cup at -950
Author:  Hawkeye Vince [ Wed Apr 28, 2010 3:05 pm ]
Post subject:  Re: Want some free money?
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?
Author:  newper [ Wed Apr 28, 2010 3:20 pm ]
Post subject:  Re: Want some free money?
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.
Author:  Hawkeye Vince [ Wed Apr 28, 2010 3:47 pm ]
Post subject:  Re: Want some free money?
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:
Author:  Chus [ Wed Apr 28, 2010 9:21 pm ]
Post subject:  Re: Want some free money?
There isn't a huge ROI on these wagers, but it is guaranteed profit.
Author:  Mr. Reason [ Wed Apr 28, 2010 9:25 pm ]
Post subject:  Re: Want some free money?
arbitrage
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