Bodog DJIA Prop Bet - Page 2

CrushinFelt · #11 10-26-2007, 04:06 PM

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The DJIA is about to close at 13800 today. It's 50-50 that it will be above or below that level in 2 months.

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... orly?

AvivaSimplex · #12 10-26-2007, 04:13 PM

ys rly.

ahnuld · #13 10-26-2007, 04:39 PM

Ok then shouldnt there be some arbitrage play?

thing85 · #14 10-26-2007, 04:43 PM

FWIW, the Bodog bet is max. $50. So if you're looking to use it as part of an arbitrage, you won't be making much.

AvivaSimplex · #15 10-26-2007, 04:47 PM

Yeah, transaction fees would kill your profit if you tried to arb in your brokerage acct. Just man up and risk the $50.

On a related note, is Bodog still reputable for payouts and such? How are people depositing these days?

thing85 · #16 10-26-2007, 06:00 PM

For a while, Bodog payouts were reliable, but took a long time (20-30 days) for the check to reach you. Recently, they've gotten much better. A check I requested not long ago came within 4 days and I was shocked. I'm not sure how US people deposit there now (I haven't had to deposit yet post-legislation), but I believe they offer some kind of payment service similar to NETeller.

ahnuld · #17 10-26-2007, 07:58 PM

[ QUOTE ]
FWIW, the Bodog bet is max. $50. So if you're looking to use it as part of an arbitrage, you won't be making much.

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wow, I got all excited for nothing.

I figured out if you buy a dec 22nd call on the DJIA with a strike price of 11200 you would have to pay 2500 (going ask). If you buy a lot of those options and put down the same amount on the bodog under, getting 1.7-1, you would make somewhere between -1% to 31% in 2 months, which is [censored] amazing. I was ready to get 100k on bodog this evening until I read the max bet is 50 bucks [img]/images/graemlins/frown.gif[/img].