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Bookies are giving 9/5 odds that gas will hit $3.00 a gallon

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sabra Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-05 09:37 AM
Original message
Bookies are giving 9/5 odds that gas will hit $3.00 a gallon

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-11-2005/0004086874&EDATE=

PinnacleSports.com Bettors Believe There's No End to Rising Prices at The Pump

WILLEMSTAD, Curacao, Aug. 11 /PRNewswire/ -- Although several in the
industry have suggested that gasoline prices will drop in the near future, the
betting public believes that there is no end in sight for rising prices at the
pump. Since becoming the first sports book in the world to accept bets on the
price of gas Friday, PinnacleSports.com has seen the vast majority of bettors
backing prices to increase to unprecedented levels.

The largest sports betting site on the Internet, PinnacleSports.com
originally opened wagering with the odds on the average price of gas in New
York or Los Angeles hitting $3.00 per gallon by New Year's Day as a 30/1 long
shot. Since Friday, 90% of all bets have backed the price in either of the
nation's two largest markets reaching the $3.00 mark, dropping the odds of
that occurring all the way down to 9/5.

"Uneasiness over disruptions to Middle East oil after a security threat,
unexpected refinery shutdowns and strong demand from motorists have all
contributed to the astronomical increase in prices whilst President Bush's
Energy Bill has had little affect," said Simon Noble of PinnacleSports.com.
"Our betting markets have been extremely accurate forecasters for world events
and are often a better representation of public perception than opinion polls
alone. With prices already exceeding $2.66 in LA and $2.61 in New York, it
wouldn't be surprising for the majority of our bettors correctly predicting
prices climbing to $3.00 per gallon in the nation's two biggest cities at some
point this year."


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Aminal Donating Member (20 posts) Send PM | Profile | Ignore Thu Aug-11-05 09:40 AM
Response to Original message
1. I wonder what the odds on a draft are?
Edited on Thu Aug-11-05 09:43 AM by Aminal
Probably 1/1

"Well, one thing you can forget as an option is sending your draft-aged child, or your draft-aged self, to Canada for either sanctuary or as a transit point to another country. Now with RFID visa cards and a Canadian no-fly list, the chances that American draft-aged youth who might be “flight risks” would even get into Canada are remote. Fuggedaboud getting out of Canada, except in handcuffs, if they suspect unlawful flight to evade the draft. The FBI maintains two official legal attaché offices in Canada (Vancouver, Ottawa) but its agents are all over the country since 9/11 and they are receiving excellent official cooperation. This is not 1970.

I repeat: This is not 1970.

Note to the FBI: I am writing this because it answers one of the questions I am asked more often than any other at my lectures here and around the world. (Many Americans are already expatriates). For that reason I am advising that parents looking for options for their children, and those of draft age themselves who might be exploring options, not to violate any laws such as those being implemented here as matters of policy and procedure.

While we intelligent, savant, educated analysts are mesmerized by Plamegate and tend to discuss it endlessly, other things are moving under the carpet.

Just like the Michael Jackson trial, a show, is a show, is a show… -- MCR"

Michael Ruppert www.fromthewilderness.com
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Hawkeye-X Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-05 10:03 AM
Response to Original message
2. Uhh.. Apparently Bookies hasn't seen the LA gas market yet..
it's already hit $3.00. :)
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newportdadde Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-05 10:05 AM
Response to Reply #2
3. For regular?
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