If you were in Las Vegas, you could bet on North Carolina to win the National Championship and receive $3.50 for every dollar wagered. By comparison, Duke is +15.00, UConn +8.50, Louisville +6.00, and Pitt +6.50. Obviously, none of us want UNC to win the national championship. How much money would you be willing to "throw away" by betting on UNC @ +3.50 (i.e., you lose your bet if they don't win the championship)? Stated another way, is there any amount that you could bet on them that would take any or all of your pain away were this to occur?
Depends on whether I'm betting with AIG's money or my own (in other words I'd never bet on UNC with my own money, no matter the odds.)
I'd throw $100 away for sure.
If I had some notion that betting on UNC would cause them to lose, then the sky is the limit. Well, OK, $1,000 is the limit. Very low ceiling today! I just realized that I sort of stole a line from Fawlty Towers. Basil (after a complicated exchange) says the sky is the limit, and Sybil says no, 23 rooms is the limit. Very funny.
Last edited by mgtr; 03-17-2009 at 09:48 PM. Reason: Added Fawlty Towers reference
Yeah House G, let us know where the party is when the Tar Heels lose. I'll bring the snacks.
Are those actual odds being offered? They are much better than the ones I found.
UNC 2:1 opened @ 5/2
Pitt 4:1 opened @ 7/2
UConn 5:1 opened @ 11:2
Louisville 9:2 same
Duke 10:1 same
Memp 10:1 same
While Pitt and Uconn's odds improved UNC's odd's dropped, must be all the Duke fans like me betting for them. If I put money on them no way they win. I bet my taxes. I will pay double for them to lose, or UNC pays my taxes for me
It was Michael Corleone who said, "It's not personal, Sonny. It's strictly business."
My high school was an all-boys school in the Bronx.
The kids may not have been able to quote Henry V, but they studied the Godfather movies like Al-Qaeda studies the Qu'ran. There were plenty of kids that didn't study Calculus, but knew the latest vig and could calculate the point spread on any of the major sports.