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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...


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.






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