Originally published on May 24, 2006.
Posted by Peter Lattman
BetCRIS.com has closed the odds for betting on the Enron verdict, and if a sportsbook is to be believed, things don’t look good for Messrs. Lay and Skilling.
BetCRIS closed the betting at the following odds:
That means you’d have to bet $80 to make a buck betting on Lay conviction; $100 to win $1 wagering on a Skilling guilty verdict.
Said BetCRIS CEO Mickey Richardson: “This is possibly the biggest trial in business history. Our clients were rushing to place their bets - and they were only putting their money down on ‘guilty’. Given how the trial progressed, the odds became so outrageous that bettors who wanted to wager on Lay and Skilling’s conviction became upset when they were quoted such a high price. At those numbers we thought it was best to close the odds.”
Published: 2006-05-24
Bettor's enjoyed a good week with many favorites winning, especially in baseball. Sunday alone in baseball there were 13 defined favorites which won, so with results like that bookmakers generally have a tough time of it.
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2007-01-03 | permalink
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