Now this is a bit of a problem to have access to betting these places if you are in the US. Some people have been known to have friends in other countries to make these bets for them, and some have found other ways around this problem. I leave it to you to figure out how to get your money down, but these are the kinds of situations that advantage players look for, so keep your eyes open.
One of my favorite writers, Damon Runyon said,
It may be that the race is not always to the swift, nor the battle to the strong - but that's the way to bet.
NOTE: I should have credited Mike Shakleford for fisrt mentioning this on Gambling With an Edge.
2 comments:
I don't know much about betting sports or how to read the odds, but looking at Pinnacle, I see Republicans winning at 3.85 and Democrats winning at 1.308. That leads me to believe that these are "for one" payouts, not "to one", meaning your $200 bet on Romney would pay a net win of $570, not $770. Am I reading this wrong? Or has the line just moved that much since you posted?
If I'm reading this correctly, the current value is still about $70 per $1000 bet ($722 at Intrade on Obama at .48:1, $278 at Pinnacle on Romney at 2.85:1). But alas, it's not practical for me to get the money down. Maybe in 4 years...
Several people have pointed out to me that when Pinnacle puts out a line of 4-1 that means 4 for 1 not 4 to 1. That means the bet is not as good as what i originally thought, but there is still a solid middle there. Since I posted this my millions of readers have pushed the line down from 4-1 to 3.85-1. Or maybe it was just smart gamblers who fiubd it without me.... Nah.
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