one dollar betone dollar bet

Friday’s Best Bet for a Buck

November 9th, 2007

The weekend is upon us. Time to loosen up that tie and blow off some steam with a $1 bet just for the hell of it.

Check out the business props and you’ll find this gem: When will the price of oil surpass $100 a barrel? The price of light sweet crude was US$95.46 a barrel at Thursday’s close, up from about $50 in January.

The futures markets at Intrade don’t seem too keen on the price topping the $100 mark before year’s end. At press time, there was no trading on any contract on or over $85, and the last price on that contract was $40 – suggesting a 40 percent chance.

This aforementioned $100-a-barrel prop includes choice of “Dec 28th or later” at 9-1 odds. Considering the over/under for the closing price on Dec. 31 is $102.75, with either side priced at –120, the 9-1 bet seems like an absolute bargain. I’ll buy that for a dollar.



one dollar bet

OneDollarBet.com is proudly powered by WordPress
Entries (RSS) and Comments (RSS).