John Anonymous MacDonald wrote:
Ladbroke's (celebrating Halloween, probably) again offers 50:1 odds on Perot! Clinton and Browne are still not being offered. Recalling last Saturday's Dole odds; they were 7:1 at Ladbroke's, and 8:1 at William Hill. The betters at Ladbroke's (who get a somewhat worse deal, it seems) are bullish on Dole, while those at William Hill are now a bit more bearish on the old man, so the numbers diverge in the final stretch of the horserace.
Prices @ 09:21 GMT Sat 2nd Nov 96 +---------+----------------+----------------+ | | Ladbroke's | William Hill | +---------+----------------+----------------+ | Clinton | Not currently offered by either | | Dole | 6:1 | 10:1 |
Whew! They are wide open for arbitrage! Suppose that at Ladbroke I sell an obligation to pay $6 if Dole wins (they are apparently valuing it for this much), collecting $1. At the same time, to hedge my exposure, I go to "William Hill", and purchase their obligation to pay _me_ $10 if Bob Dole wins, paying the $1 bill that I just got at Ladbroke's. If bob dole loses, I lose nothing. If he wins, I make $4 out of air. I wonder why the beting markets are so imperfect. have fun igor
| Perot | 50:1 (again) | 500:1 (!) | | Browne | Not currently offered by either | +---------+----------------+----------------+ | Phone | +44-800-524524 | +44-800-444040 | | Numbers:| | | +---------+----------------+----------------+
As for the animal suspected of *really* running the U.S.A, "Socks" appears to be successfully defending his territory against "Leader." Full of confidence, she is now running virtual tours of the White House, kids!
http://www.whitehouse.gov/WH/kids/html/home.html
Meanwhile "Leader" whimpers at
(Wow, his own domain!) Perot (obviously) needs no pet, and the oddsman is unaware of any public photos of Libertarian candidate Browne's cats, much less their names. A serious campaign.
Our roving reporter in the UK also thinks that there *must* be significance in the fact that our Presidential election is being held on the anniversary of the day that Guy Fawkes attempted to blow up his Houses of Parliament, together with all the politicians within. He, as usual, will celebrate the event with bonfires and fireworks.
Mailmasher.com appears to be down, apologies to any of you who wished to correspond personally with the oddsman there. Hopefully, oddsman@mailmasher.com will come back soon. anonymous oddsman
"Demeaning the integrity of the U.S. Presidential election process for you on a regular basis, at no charge."
- Igor.