One of the sportsbook site I frequent let’s you “bet” on the outcome of the US Presidential Election.
I’ve been thinking about buying some McCain shares just because it seems like a good value.
I’m rooting for Obama to win, but the odds for buying his “Sportsbook Stocks” are not worth it. (No Value on that bet)
McCain on the other hand is a different story.
You purchase one McCain share for $22, and if he wins, it’s worth $100.
So according to them, McCain is roughly a 4-1 shot of winning.
Does this sound right to you guys? What would be a good site for trying to calculate the odds of the outcome?
I’m thinking of buying 10 shares.
If Obama wins, I lose $220, but at least the guy I’m rooting for is elected.
If McCain wins, my $220 is now turned into $1,000. This will help ease my pain of not having my candidate win. (a little)