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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: blankmind who wrote (24051)	11/19/1997 4:54:00 PM
From: Jeff Jordan	Read Replies (1) of 61433

years ago at sports books in vegas, you lost ties on football games. ofcourse if a big game had a spread of 7 points and the favorite won by 7, all you heard was grumbling of a fix, since the casino now did not have to pay either side. I hope you don't invest using this model because your assumption is incorrect. In Vegas your bet is $11 pays $10. So your wager of $550 pays $1050. a profit of $500. But, as you say its a pat...if the spread is 7 and the favorite wins by 7.(unless your playing a ties win parlay card) The casino wins nothing either. ( They return all bets on both sides. They were after that 10% vig if you lost. $50. Thats why the odds go up/down balancing out the put/call ratio as it were. I'm not sure the MM's have that option? Maybe they do in the premium? Jeff...Comdex Las vegas.....

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