Unlikely Words

Icon

A blog with delusions of grandeur

A Bettors Explanation of the Economic Crisis

Also in the Bill Simmons Mailbag I mentioned yesterday, a Bettors Explanation of the economic crisis. By accident.

You just reminded me of something: There should be a section on eBay that allows the auctioning of enticing future bets. For instance, a few weeks before the NBA season, I placed $300 on 15-to-1 odds that Cleveland would win the 2009 NBA title. Those odds have dropped to 2-to-1. Not that I would (after all, Cleveland is going to win the 2009 NBA title), but shouldn't I have the option to sell that $300 ticket on eBay? What if someone bid $1,200 on it (which would be a smart move because, again, Cleveland is going to win the NBA title) and I was guaranteed a $900 return on my investment? Should I take the money? This would be a fun Web site, you have to admit. And if eBay can't do it, then why couldn't the casinos themselves build a Web site that allows people to sell future tickets and get a second cut on the action? It all makes too much sense.


And then he gets called on it in part 2 of the mailbag.

Q: Just got done reading Part 1 of your mailbag. While your idea of auctioning off Vegas bets sounds like a great idea, do you realize that you just suggested the same scenario that ruined the mortgage industry and the entire economy?
-- Tom, Pittsburgh


SG: Time for the greatest three-word comeback of all-time when you don't have a comeback ... yeah, but still!

Posted by: aaron cohen

Category: Blog

Tagged: , , ,

Leave a Reply

Comments will be sent to the moderation queue.

Welcome!

Thanks for visiting Unlikely Words. If you liked what you read:
Subscribe to RSS, check out our About Page, read some of our favorite posts, or follow us on Twitter or on Facebook, or on Tumblr.

Subscribe by email

Enter your email address:

Delivered by FeedBurner

Archives