[Rainbow Warrior]

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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...