05-28-2018, 03:51 PM
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#201
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Franchise Player
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To a 'house' that ticket is worth $1.46M.
You hold the ticket. And you could collect bets of $1.46M on Vegas to win.
If Vegas wins, you collect $2.5M but you pay out $1.04M to the people that bought Vegas to win above (net $1.46M)
If Vegas loses, the original ticket gets framed, but you collected $1.46M in losing bets (above).
Either way, you have $1.46M when it's over.
The guy holding the ticket isn't a bookie (presumably), so he can't do that. But a house can. So they offer him $1M. Tidy arbitrage for them.
If I was him, I ask for $1.25M (and take it if offered)
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05-28-2018, 03:57 PM
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#202
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Franchise Player
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Puck drop is at 6:25 tonight if anyone was curious.
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05-28-2018, 04:09 PM
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#203
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Powerplay Quarterback
Join Date: Jul 2010
Location: Sec206
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Quote:
Originally Posted by Weitz
Puck drop is at 6:25 tonight if anyone was curious.
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Who cares? The math behind the Vegas odds is way more fun... 
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05-28-2018, 05:07 PM
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#204
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On Hiatus
Join Date: Jul 2011
Location: Calgary Alberta Canada
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Wonder what the ice is gonna be like tonight?
The plant is essentially brand new but its gonna be 33 today and 37 on wednesday
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05-28-2018, 05:27 PM
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#205
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Franchise Player
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Quote:
Originally Posted by Violator
Wonder what the ice is gonna be like tonight?
The plant is essentially brand new but its gonna be 33 today and 37 on wednesday
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6 MONTHS EARLIER
Vegas rink designer 1: What do we do about the June temperatures we're likely to see?
Vegas rink designer 2: don't worry about it; it'll be years before we even have to think about hockey in June.
Vegas rink designer 1: Good call, it took the Predators about 20 years and their GM didn't trade Forsberg for Erat. We're in the clear.
__________________
"The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
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05-28-2018, 05:43 PM
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#206
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On Hiatus
Join Date: Jul 2011
Location: Calgary Alberta Canada
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Quote:
Originally Posted by CorsiHockeyLeague
6 MONTHS EARLIER
Vegas rink designer 1: What do we do about the June temperatures we're likely to see?
Vegas rink designer 2: don't worry about it; it'll be years before we even have to think about hockey in June.
Vegas rink designer 1: Good call, it took the Predators about 20 years and their GM didn't trade Forsberg for Erat. We're in the clear.
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Desinger was probably from edmonton
Hockey in june?
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05-28-2018, 05:48 PM
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#207
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Referee
Join Date: Jan 2005
Location: In your enterprise AI
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__________________
You’re just old hate balls.
--Funniest mod complaint in CP history.
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05-28-2018, 06:02 PM
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#208
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First Line Centre
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I am torn, would love Ovi to win it all. At the same time, love the atmosphere of Vegas. Watching the pre game show now and its unlike anything I have seen for hockey. The party atmosphere of Vegas combined with the expansion team is unreal. Love it!
One of those series whereby I am ok with either team winning. Have always liked the Caps and have quickly warmed to Vegas this year.
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05-28-2018, 06:04 PM
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#209
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Franchise Player
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Quote:
Originally Posted by Enoch Root
To a 'house' that ticket is worth $1.46M.
You hold the ticket. And you could collect bets of $1.46M on Vegas to win.
If Vegas wins, you collect $2.5M but you pay out $1.04M to the people that bought Vegas to win above (net $1.46M)
If Vegas loses, the original ticket gets framed, but you collected $1.46M in losing bets (above).
Either way, you have $1.46M when it's over.
The guy holding the ticket isn't a bookie (presumably), so he can't do that. But a house can. So they offer him $1M. Tidy arbitrage for them.
If I was him, I ask for $1.25M (and take it if offered)
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He can also just hedge by betting on Washington.
Washington is +125 meaning he can guarantee himself about 1.425 million profit by betting 1.075 million on Washington and hedging his bet. He would need to borrow that money but he has guaranteed collateral in the ticket so getting that loan should be simple (assuming bet is with a big sports book)
So his ticket is guaranteed ~1.4 million - interest on a 2 week loan if he decides to hedge (Or sell off the bet as you stated above to a high roller)
Only an idiot would take the 1 million as some are suggesting.
This is a perfect example of people not understanding the proper math and getting ripped off.
Last edited by Jason14h; 05-28-2018 at 06:07 PM.
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05-28-2018, 06:07 PM
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#210
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Franchise Player
Join Date: Feb 2006
Location: Calgary, AB
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Quote:
Originally Posted by Violator
Wonder what the ice is gonna be like tonight?
The plant is essentially brand new but its gonna be 33 today and 37 on wednesday
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They always say that humidity is the biggest problem for ice quality, so that shouldn't be a problem in Vegas.
__________________
Turn up the good, turn down the suck!
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05-28-2018, 06:16 PM
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#211
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Powerplay Quarterback
Join Date: Apr 2015
Location: ...the bench
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wow this is a full on vegas show before the game...
awesome
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05-28-2018, 06:16 PM
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#212
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That Crazy Guy at the Bus Stop
Join Date: Jun 2010
Location: Springfield Penitentiary
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Quote:
Originally Posted by Jason14h
He can also just hedge by betting on Washington.
Washington is +125 meaning he can guarantee himself about 1.425 million profit by betting 1.075 million on Washington and hedging his bet. He would need to borrow that money but he has guaranteed collateral in the ticket so getting that loan should be simple (assuming bet is with a big sports book)
So his ticket is guaranteed ~1.4 million - interest on a 2 week loan if he decides to hedge (Or sell off the bet as you stated above to a high roller)
Only an idiot would take the 1 million as some are suggesting.
This is a perfect example of people not understanding the proper math and getting ripped off.
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Oh yeah because getting a 2 week loan for $1.075m is like walking into a cash money store, in and out in 20 minutes, just don’t forget to bring a paystub! 
This is a perfect example of people not understanding...well pretty much anything about life.
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05-28-2018, 06:18 PM
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#213
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Scoring Winger
Join Date: Dec 2013
Location: Vancouver
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Love their intros
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05-28-2018, 06:18 PM
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#214
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First Line Centre
Join Date: Mar 2013
Location: YYC
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Wow this opening play isn't cringey at all! Go knights!
__________________
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05-28-2018, 06:19 PM
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#215
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Powerplay Quarterback
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I mean, that was really good opener.
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05-28-2018, 06:20 PM
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#216
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#1 Goaltender
Join Date: Jan 2009
Location: Calgary
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Man this is so dumb
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05-28-2018, 06:20 PM
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#217
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First Line Centre
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That was really hard to watch.. so cringe.
In my opinion of course.
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05-28-2018, 06:21 PM
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#218
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#1 Goaltender
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Teams need to seriously up their game for pre game and entertainment. Vegas certainly goes all in.
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05-28-2018, 06:21 PM
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#219
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Looooooooooooooch
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That was great!
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05-28-2018, 06:22 PM
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#220
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Franchise Player
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Quote:
Originally Posted by Cecil Terwilliger
Oh yeah because getting a 2 week loan for $1.075m is like walking into a cash money store, in and out in 20 minutes, just don’t forget to bring a paystub!
This is a perfect example of people not understanding...well pretty much anything about life. |
Do you really think it is hard with guaranteed collateral of a winning ticket? People would be competing for the opportunity and you would get he loan for peanuts.
This is also done with lottery tickets when people don’t want to claim in there name or wait . I can send you the info of the accounting firm that handles these types of things
But as always if YOU don’t know how to do it, it’s impossilbe
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