So you really believe in Gore's hype about Global Warming?: Well here is a chance to put your money where your mouth is
The encouraging thing is how long the odds are on this
NORFOLK, VA., — Think global warming will raise the oceans enough to submerge Cape Hatteras, N.C.? Want to bet on it?
An online gambling service has started taking bets on global warming, including whether it can submerge some of the East Coast's top vacation spots. The odds that Virginia's Cape Henry will be under water by 2015 — 200-to-1 at BetUs.com. Its odds for Cape Hatteras flooding by the same date — 300-to-1. . . .
I will have to start searching more for these betting opportunities. Here is another story on this site:
BetUS.com spokesman Reed Richards said the company will personally back numerous bets, or "propositions," posted on the Web site related to global warming.
"It's part of a campaign we've been doing for the past two and a half years called 'pop culture gaming,'" Richards said. "You can wager on things in the headlines."
One bet gives members 1-to-5 odds that scientists will prove global warming exists beyond any scientific doubt by the end of this year.
Another gives 100-to-1 odds that polar bears will be extinct by 2010.
(A complete list of all the global-warming related bets is listed at the end of this article.)
Richards said "thousands" of people have already placed money on the company's global-warming bets, with $10 being the average wager. . . .
the bets are "designed to part fools from their money." . . .
Someone actually thinks that there is a one percent chance of polar bears going extinct in the next three years? Anyway, it seems like the extreme environmentalists are the ones who will be parted from their money.
An online gambling service has started taking bets on global warming, including whether it can submerge some of the East Coast's top vacation spots. The odds that Virginia's Cape Henry will be under water by 2015 — 200-to-1 at BetUs.com. Its odds for Cape Hatteras flooding by the same date — 300-to-1. . . .
I will have to start searching more for these betting opportunities. Here is another story on this site:
"It's part of a campaign we've been doing for the past two and a half years called 'pop culture gaming,'" Richards said. "You can wager on things in the headlines."
One bet gives members 1-to-5 odds that scientists will prove global warming exists beyond any scientific doubt by the end of this year.
Another gives 100-to-1 odds that polar bears will be extinct by 2010.
(A complete list of all the global-warming related bets is listed at the end of this article.)
Richards said "thousands" of people have already placed money on the company's global-warming bets, with $10 being the average wager. . . .
the bets are "designed to part fools from their money." . . .
Someone actually thinks that there is a one percent chance of polar bears going extinct in the next three years? Anyway, it seems like the extreme environmentalists are the ones who will be parted from their money.
Labels: Environment, GlobalWarming
posted by John Lott at 9:03 AM
2 Comments:
I have heard people call gambling the "idiot tax", but this takes it to a whole new level.
I'm less concerned over how the bets are running than I am with the time period.
Who is going to hold the money between now and 2015? There are many who would take whatever bet you wanted to make and then just not be there when the time came to pay up.
Also, and I could be wrong on this, but aren't odds-makers allowed to change their pay-out? If a position has 100-to-1 odds when you place the bet it might be even money just before it is time to pay off. Imagine having lots of other people's money to invest for 5, 10, 15 years. Then you just give them their own money back, less the taxes they owe for "gambling winnings".
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