Thread: Mike Bloomberg Bodog prop.
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Old 07-23-2007, 05:26 PM
StellarWind StellarWind is offline
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Join Date: Feb 2004
Posts: 6,569
Default Re: Mike Bloomberg Bodog prop.
Don't overlook three major risks:

1. Sometime between now and 11/08 Bodog leaves the U.S. market and cancels all open bets. Your money is tied up for many months with no ROI.

2. Same as above but Bodog is seized or otherwise defaults. You lose part or all of your principal and the loss may not even be deductible as a lost wager.

3. Bloomberg never runs for president and your bet is declared no action in 11/08. Your money is tied up for 16 months with no ROI.
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