Do you see any value on here?

[LargeMouthBass]

I know this is offered only on BetUS but I thought it was interesting... They are trying very hard to get suckers to bet on this crap. This was actually mentioned on the front page of Yahoo...


Wager type : Proposition/FutureDescription : Global Warming Special

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Which will cause more damage in California?
Wed 4/18 12:00PM (EST)

2301 Global warming +5000
2302 Earthquakes -9999

* Note: Which will cause more damage in California before 12-31-15?



Will any of the following occur?
Wed 4/18 12:00PM (EST)

2303 Hollywood will be under water before 2015 +10000
2304 A major motion picture studio will be under water +5000
2305 A celebrity sea-side will be under water bef 2015 +500
2306 "Water World" becoming a reality +30000

[Korchnoi]

There cannot possibly be any value making such a long term bet with them. First, you're gonna lose up to 15yrs of interest until the wager is settled. That's a lot of edge. More importantly, the probability that BetUS will be around in 15 years is pretty slim also -- it's just too big a time frame in a fast moving industry.

I do wonder how they get all this press though. There was a link to this story on DrudgeReport also.

[MrX]

2307 BetUS will still be in business in 2015 to pay this bet +98000

[The HG]

My friend suggested starting a "Lex Luthor" fund, investing in expected destruction from global warming. If the shit really does hit the fan, and tons of methane hydrate is released out of melting ice, having an internet bet that looks like a winner as a huge underdog might not help you out too much.