« Memorial Day Links | Main | One Who Never Made the History Books »

Smart Money

Next weekend Smarty Jones will try to take the third leg in horse racings Triple Crown at the Belmont Stakes. He will be a heavy favorite to win, and the smart money will be laying $2 to win on the horse. The people placing $2 bets are not in search of the small payouts a Smarty Jones win will produce (the estimated payout is 10 cents on the dollar) they have no plans of cashing their winning tickets.

The best way to make money on a Smarty Jones win is to hold a winning ticket uncashed (and in mint condition) and sell it on the collectibles market. Uncashed winning tickets and other Smarty Jones memorabilia is already available on eBay. Prices for $2 winning tickets for the Kentecky Derby and the Preakness Stakes are already going for anywhere from $50 to $150.

If you can get a $2 bet on Smarty Jones to win placed at Belmont you should; just don't cash - sell it...



TrackBack

Listed below are links to weblogs that reference Smart Money:

» PoliBlog linked with The Bonfire of the Vanities

Comments (1)

But if the trend of recent ... (Below threshold)

But if the trend of recent history continues, SJ will disappoint us yet again of watching a triple crown winner.




Advertisements









rightads.gif

beltwaybloggers.gif

insiderslogo.jpg

mba_blue.gif

Follow Wizbang

Follow Wizbang on FacebookFollow Wizbang on TwitterSubscribe to Wizbang feedWizbang Mobile

Contact

Send e-mail tips to us:

[email protected]

Fresh Links

Credits

Section Editor: Maggie Whitton

Editors: Jay Tea, Lorie Byrd, Kim Priestap, DJ Drummond, Michael Laprarie, Baron Von Ottomatic, Shawn Mallow, Rick, Dan Karipides, Michael Avitablile, Charlie Quidnunc, Steve Schippert

Emeritus: Paul, Mary Katherine Ham, Jim Addison, Alexander K. McClure, Cassy Fiano, Bill Jempty, John Stansbury, Rob Port

In Memorium: HughS

All original content copyright © 2003-2010 by Wizbang®, LLC. All rights reserved. Wizbang® is a registered service mark.

Powered by Movable Type Pro 4.361

Hosting by ServInt

Ratings on this site are powered by the Ajax Ratings Pro plugin for Movable Type.

Search on this site is powered by the FastSearch plugin for Movable Type.

Blogrolls on this site are powered by the MT-Blogroll.

Temporary site design is based on Cutline and Cutline for MT. Graphics by Apothegm Designs.

Author Login



Terms Of Service

DCMA Compliance Notice

Privacy Policy