The joy of inefficient markets

[benveniste]

In the "put your money" where your mouth is department, apparently bookmakers in the U.K. are offering higher odds against Romney winning than here in the United States.  This creates a "middle" or arbitrage opportunity.

As of this writing, one can sell 240 shares of Mr. Romney at $3.23 at Intrade.  One can also bet $600 at 3:1 odds on Mr. Romney at

Comments

[smofbabe]

Would you like me to place some bets for you? :->