Unless you are in some sort of real-life version of Brewster's Millions, there is no reason on the planet to place this bet.https://twitter.com/darrenrovell/status/975539261452816384 …
(2/3) The correct question is whether 133 bps (1.33%) correctly compensates for the risk you are taking. This is harder to answer. But a 3-month treasury bill right now pays ~1.77%, and is one common measure of a "risk free rate return".
-
-
(3/3) I'm not familiar with the usual edges the big money gaming consortiums are looking to exploit. But at 1.33% return, it seems like there would've been a lot more profitable ways to invest that money.
-
(4/3) Also possible that two different sites had significantly different prices for the bet, setting up an arbitrage opportunity. We only hear about the losing side when the bettor was actually free rolling.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.