Monday, December 31, 2007

The King Speaks

King Yao chimes in with his plan to buy Patriots futures and then bet against them in individual games, planning to arbitrage the two markets for a guaranteed profit.

I found a similar strategy useful during the World Series, although my reasoning was that the futures odds were off, not the individual game odds. As it turned out, betting the Red Sox to win the series and the Rockies in each game would have yielded a tidy 5% profit for a week's work.

Given that the Pats are reportedly 1-8 favorites to win the Super Bowl at The Mirage, it looks like King will need to use a betting exchange to find a good price on them to win it all. If only Vegas let you bet the "no" on those ridiculous lines...

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