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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (21156)	11/1/2004 9:24:34 PM
From: Wyätt Gwyön	Respond to of 110194

a friend explained about the bookies... Usually the bookies don't like a favorite to win as that's where most of the money has been placed. Even though the odds are shorter on Bush there's more money on him so a Boosh loss means they keep that wad. A horse winning a major race at 100-1 is great for the bookies as all the money on the favorites is lost. A few lucky punters do rather well and the bookies take the rest A two horse race though has less potential for a major upset. As more money goes on Kerry as he closes in the polls so the odds on Kerry close in on Bush's. Right now they probably stand to lose more money (or make less) if Bush wins. If Nader wins, they'll clean up.