Re: *** OFFICIAL 11/29/07 NFL Thursday GAME THREAD (GB @ DAL)***
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$13 buy = pay 13, if it wins they pay 100
so if you buy 5 contracts it'll cost you $65 and if they win you'll get $500 back
if they make it to the superbowl and the sell is like 30
then you can sell your 5 contracts and get $150 back or let it ride
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ok.
so whatever the buy is always = bet this and u win $100.
Why do they allow u to buy for more than $13..i.e u can go all the way up to 23. and why even list the +669
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My take:
-If you "go all the way up to 23" you buy the max of 23 units @$13 each for $299
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so whatever the buy is always = bet this and u win $100
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Understand that EACH unit pays exactly $100 if it wins. The buy/sell value of these units change throughout the season.
Bet the $13, win 87, get 100
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"why even list the +669"
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For our benefit that's the decimal equivalent value of $13 becoming $100 ($13x6.69= $87 +13 = $100)
FWIW the buy/sell spread of $2 makes this around a 17% juice factor.
Rainbow...
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