« previous next »
Pages: [1]

Author Topic: I found my ticket  (Read 2227 times)

Texifornia

  • Should Have Quit 500 Posts Ago
  • Posts: 2275
    • View Profile
I found my ticket
« on: October 21, 2005, 04:26:18 pm »
Not a game ticket, although my left nut remains on offer for one of them, my betting slip.

Every year for at least the last decade I make a bet on the Astros to win the World Series whenever I visit Vegas close to the beginning of the baseball season. Usually the betting slip disintegrates in my wallet or is lost for year until found during a cleaning binge.

Well, this time I have it. I got 25:1 odds on March 19th, and I made my normal $50 bet.

It's worth $1,250 if the Astros win, but I might be tempted to frame it and hang it on the wall next to other Astro artifacts instead.

It would be a nice decision to have to make.
Logged
He breezed him, one more time!

jasonact

  • Should Have Quit 500 Posts Ago
  • Posts: 1469
    • View Profile
    • www.jasonmartinmft.com
Re: I found my ticket
« Reply #1 on: October 21, 2005, 04:29:53 pm »
So if they win, you will have made $750 net? Not bad. Good thing you didn't start this trend 44 years ago.
Logged
phew. for a minute there, I lost myself
- Radiohead

astrojo

  • Key Member of the Conspiracy
  • Posts: 2753
    • View Profile
Re: I found my ticket
« Reply #2 on: October 21, 2005, 04:33:11 pm »
Quote:

Not a game ticket, although my left nut remains on offer for one of them, my betting slip.

Every year for at least the last decade I make a bet on the Astros to win the World Series whenever I visit Vegas close to the beginning of the baseball season. Usually the betting slip disintegrates in my wallet or is lost for year until found during a cleaning binge.

Well, this time I have it. I got 25:1 odds on March 19th, and I made my normal $50 bet.

It's worth $1,250 if the Astros win, but I might be tempted to frame it and hang it on the wall next to other Astro artifacts instead.

It would be a nice decision to have to make.



Too bad you didn't make that same bet in May or June.  What would it be?  100:1? A meelion to one? You could have looked your bookie right in the eye and said a'la Lloyd Christmas "So you're telling me there's a chance?"
Logged

Texifornia

  • Should Have Quit 500 Posts Ago
  • Posts: 2275
    • View Profile
Re: I found my ticket
« Reply #3 on: October 21, 2005, 04:44:58 pm »
I will have made $1,200 net. In typical Vegas fashion it is not 25  to one, it is 25  for one. Kind of like the hard way bets on a craps table.

Yea, I bet I could have gotten 100:1 on May 19 instead of March 19th. Of course, had I gone to Vegas in May, I would not have placed an additional bet, I'm a little ashamed to say.

Anyway, 25:1 is still pretty damn good. Maybe they can stamp the thing "paid" and I can still frame it....that would be sweet:

"2005 World Series
Astros 25:1
To Win"

With a big freaking "PAID" stamped on it.

We shall see.
Logged
He breezed him, one more time!

matadorph

  • Key Member of the Conspiracy
  • Posts: 3576
    • View Profile
Re: I found my ticket
« Reply #4 on: October 21, 2005, 04:52:36 pm »
You're gonna win that bet, Tex!

Ya know, I like to get skin in the game, so I made some future wagers back in mid-July when the Astros got hot. I couldn't pick a horse if you handed me a photo finish, but this blind squirrel finally found a nut!

I bet $50 on the Astros to win the NL pennant at 8-1.

I bet $25 on an Astros/White Sox World Series at 35-1.

WOO FOOKIN HOO! I can now almost afford the worst seat in the house for a single World Series game.
Logged

LonghornCDR

  • Should Have Quit 500 Posts Ago
  • Posts: 1208
    • View Profile
Re: I found my ticket
« Reply #5 on: October 21, 2005, 04:56:12 pm »
I think he took the $50 per year for the last decade when calculating your net profit.  In that case, your net is actually only $700.  But if you take in the time value of money and what that $50 per year could have been doing at 6% a year you would have $659.  So you end up making $41 over the past ten years  if the Astros win.  Anything over 7.25% and you've lost money.  The DJIA has averaged over 25% increase per year since 1995, so making more than 7.25% isn't pie in the sky.

Did that sufficiently kill your buzz?
Logged
60% of the time... it works everytime.

homer

  • Pope
  • Posts: 6509
    • View Profile
Re: I found my ticket
« Reply #6 on: October 21, 2005, 04:56:15 pm »
Quote:

I will have made $1,200 net. In typical Vegas fashion it is not 25  to one, it is 25  for one. Kind of like the hard way bets on a craps table.

Yea, I bet I could have gotten 100:1 on May 19 instead of March 19th. Of course, had I gone to Vegas in May, I would not have placed an additional bet, I'm a little ashamed to say.

Anyway, 25:1 is still pretty damn good. Maybe they can stamp the thing "paid" and I can still frame it....that would be sweet:

"2005 World Series
Astros 25:1
To Win"

With a big freaking "PAID" stamped on it.

We shall see.



Spoken like a true gambler.

I think Jason's point is that you have to subtract the last 10 years $50 from your total as well... hence the $750.
Logged
Oye. Vamos, vamos.

homer

  • Pope
  • Posts: 6509
    • View Profile
Re: I found my ticket
« Reply #7 on: October 21, 2005, 04:56:45 pm »
Quote:

I think he took the $50 per year for the last decade when calculating your net profit.  In that case, your net is actually only $700.  But if you take in the time value of money and what that $50 per year could have been doing at 6% a year you would have $659.  So you end up making $41 over the past ten years  if the Astros win.

Did that sufficiently kill your buzz?



GET OUT OF MY HEAD
Logged
Oye. Vamos, vamos.

MRaup

  • Fantasy Team Owner
  • Double Super Secret Pope
  • Posts: 11432
  • The goddamn Germans ain't got nothin to do with it
    • View Profile
Re: I found my ticket
« Reply #8 on: October 21, 2005, 05:04:59 pm »
or you could just make a color copy of it and hang THAT on the wall...
Logged
"Terrorists, Sam. They've taken over my stomach and they're demanding beer." - Norm.

"Your words yield destruction, sorrow and are meant just to hate and hurt..." - Das

Trey

  • Should Have Quit 500 Posts Ago
  • Posts: 1249
    • View Profile
Re: I found my ticket
« Reply #9 on: October 21, 2005, 05:15:45 pm »
I got 40:1.  I only bet $10, as it was a "sure, place a bet on the Astros at Caesar's Palace, that'd be cool to have" kind of bet.  So, my ticket would net me $400 should circumstances in the next week and a half render the ticket not worthless, less whatever $10 at 6% for 5 months would be.  (math is hard)
Logged
Let me explain something to you. Um, I am not "Mr. Lebowski". You're Mr. Lebowski. I'm the Dude. So that's what you call me. You know, that or, uh, His Dudeness, or uh, Duder, or El Duderino if you're not into the whole brevity thing.
Pages: [1]
« previous next »