Law: Free Money?

April 29, 2008

I love betting, which is odd given the fact that I am generally risk adverse.  For some reason, I would prefer to invest in bonds than stocks because stocks are too risky but I also strugge to pass up a craps table even though I know its a losing proposition.  I don’t know, maybe I love action.

Anyway, today a friend of mine exposed me to a site that will let me gamble on just about anything.  The site, can be found here.  Just to clarify, this isn’t a normal “X on Y to Z”.  Instead, this is a site where you buy a share in a team/event/answer.  If you are right, your share pays $100.  You can also trade your share in real time.  Essentially this site gives odds, in real time, and lets you not only get in, but make money from the float in the odds. 

I may just get addicted. 

I say this not because I want you to know I love to gamble in small doses but because it appears as if the site is offering free money.  Right now, shares of Obama for Democratic nominee are trading at $77.  Look, I want Obama to go down in flames as much as the next person that doesn’t feel like giving people perverse incentives them worrying about the fact that they never act in a desired way libertarian/conservative, but seriously, guys, he isn’t going to lose. Math and logic both say Obama wins.  This is basically free money.  Slap me with as many shares of Obama as you can find sellers for and call me ton o’ fun.  Seriously.  This is free money.

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