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Non-Tech : YouBet.com (UBET)

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To: 249443 who wrote (197)	2/22/2003 9:46:16 AM
From: Allen Furlan	Read Replies (1) of 221

CJ Your large bets and reasonable payoff strategy is most like my strategy when it comes to the stock market. My margin account is 90% short options with proceeds tucked into T-notes. This week I have been doing quite a few ratio positions on rmbs where the 2005 leaps are mis-aligned. Buying eight 25 calls and selling ten 30 calls with a small credit going into my account and hopefully additional future profits upon gradual liquidation of long position. A more straight forward position is vxgn put/call write. August 35 call and August 5 put with $2.10 per combo. With stock at 13.5 the payout seems reasonable compared to risk. Have you looked any further into the British E-Bay like betting pools? This would be ideal way to play bettor inconsistencies. Many years ago I ran some statistics on favorites placing either first or second in exacta. Favorites running second had better expected value. I do not handicap any longer but it seems that if you are a good handicapper and use bettor behavior as a factor, then British system would be a great place to bet.

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