So, I get a text from my friend, Ray N., in San Diego regarding our last post, Ten Strange Super Bowl Prop Bets.
The first bet reads:
The odds are 19 to one that some fan will troll Brady by tossing a deflated football to remind him of that debacle
“I’ll take 19 to 1 for $1,000, pay some fan $9,000 to throw the ball out there and pocket $10,000.” – Ray N.
Wow! Who is the dumbass making that book?
I would top Ray by going to game as ticket prices are plummeting and throwing the ball myself. Probably cost me $5,000 tops. Maybe another $500 to get out of jail.
Would this be an arbitrage or considered a fix if Ray follows through? Sometimes it is hard to tell the difference in certain markets.