Monday, September 01, 2008

Too late: the odds have changed

This morning at Lasseters Sportsbook you can only get a commitment to pay $15 for every $100 bet on a cut of exactly 0.25%. You only get $500 (down from $800) if you successfully bet on a cut bigger than that.

So my fancy idea for making money no longer works.

Perhaps because one of you tried it.

Perhaps because the economists' joke is right.