Good News 4 US - but odds on passage get better???
 

Hello All,

I have read alot of good news today how the anti internet gambling bill is meeting resistance in the Senate .

However, on Tradesports the odds are moving the opposite direction. Currently at 26.5 (ML +277)

I am hoping bad news in not lurking.

Can anyone explain??




Thank you

Citrus

Re: Good News 4 US - but odds on passage get better???
 

Nothing I'm aware of today came out, but I've been in minimum wage battle so havent had time to pay attention.

Re: Good News 4 US - but odds on passage get better???
 

Ummm...why do sports lines do this? There is your answer...it's in getting that spot to where the bookie can make money but make the bet attractive.

---Leavenfish

Re: Good News 4 US - but odds on passage get better???
 

Hasn't it been in the 20-25 range?
The news on this has bounced around a bit
but I thought the recent article was some
of the best news we've heard on this.

Re: Good News 4 US - but odds on passage get better???
 

I'm guessing a bunch of people booked action ata the old odds so now they are adjusting.

Re: Good News 4 US - but odds on passage get better???
 

The Tradesports contract is probably not any more reliable than a broad, ballpark estimate. There just isn't enough volume. Several of the dramatic shifts we've seen have been triggered by one -- literally one -- person buying or selling a substantial number of shares.

Re: Good News 4 US - but odds on passage get better???
 

Absent substantial, direct insider information, those TS prices don't make any sense the way they've fluctuated. As others have said, volume is very low right now. I gather I own about 10% of the contracts in circulation, FWIW.

Up until the word of the holds got out, 20 to 30 was a very fair price, and now that we've seen the political/procedural environment firm up a little, giving us a high degree of short term certainty (now thru first week of Sept), and only a moderate degree of longer term knowledge (Sept is truly a wild card, post-election lame duck less so), I would expect to see some range and fluctuation in the prices, but not quite this much. I won't buy above 18 knowing what I know now, and I won't sell below 28 or so. Anything inbetween those numbers seems IMO to be a wash, esp. with the fees TS charges for price takers. Take that for what it's worth, and know that my positions might change at the drop of a hat.