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Odds to wn 2013 Super Bowl! Wow!


PhiAlpha

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It would be great if you could trade bets like stocks. At 125-1 you lay down a bet on the Redskins with the hope that the team signs Peyton Manning or drafts RGIII. Then when that happens and the odds go to 75-1, 50-1, or whatever (Rams are currently 50-1), you sell the rights to the bet to someone else and double your money...or better.

You can do exactly that in the UK using a company/site like Betfair.

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It would be great if you could trade bets like stocks. At 125-1 you lay down a bet on the Redskins with the hope that the team signs Peyton Manning or drafts RGIII. Then when that happens and the odds go to 75-1, 50-1, or whatever (Rams are currently 50-1), you sell the rights to the bet to someone else and double your money...or better.

There are formats where you can do this. Check out wsex.com for an example. They have a long term market available for the NBA Championship and conference winners. They'll probably do the same for the 2012 NFL season once the season gets closer. The problem with trading the longshots though is you need them to move significantly to overcome the vig. The Redskins would probably be a $1 (100-1) buy so you'd need the price to move to $4 buy/$2 sell (25-1) in order to double your money. Also I don't recommend actually using that site as they've had all kinds of problems processing withdrawals the last few years.

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