« Big Backlash Brewing | Main | Speeding Ticket »
October 26, 2005
How Much Would You Pay?
Here's something I hear Democrats say a lot: I'd give anything to have Rove indicted. Well, how much is it worth to you? $100? If it is, open an account at InTrade, which is a futures betting market. And then what you want to do is short Karl Rove contracts, currently trading at 60%. (It is under the legal: indictments category).
Here's how it works ($100 example). You short $150 worth of Rove's contract to be indicted at 60%. When Rove is indicted, the contract becomes worth 100% and you have to buy it back for $250. So you sold $150 and bought back $250. Rove gets indicted and you lose $100. ($150 minus $250). If Rove doesn't get indicted, the repurchase price would be $0. So you'd actually make $150.
So either way, you win. You would either lose $100 but in return, Rove would get indicted. Or you would gain $150 but he wouldn't get indicted. The odds on Scooter Libby are even more in your favor! Bets away...
To summarize one more time:
| Result | How You Feel | Your Money | Summary |
| Indicted | Happy | Lost $100 | Good Times Aren't Free! |
| Not Indicted | Sad | Gain $150 | Compensated for Your Pain |
Posted by Chris at October 26, 2005 02:20 PM