You buy someone else’s sport bet that is in-the-money or has a pretty good chance at winning for less than it would cost to place the same exact bet.
The nation has gone bananas over legalized sports betting. In the past, you had to go to Nevada, Atlantic City, or an Indian reservation to legally bet on sports. As of 2022, 30 states allow legalized sports betting, and 18 of those allow you to conveniently bet from a smart phone app. Over $500M…
Insider trading has been the downfall of many very rich men and women. Billionaire Raj Rajaratnam was sentenced to 11 years in prison. Home icon Martha Stewart was sentenced to 5 months in prison and 5 months of home confinement after using knowledge of an FDA action to sell shares of ImClone before the…
In 2014, Auburn fan Mark Skiba was holding a $100 bet placed at 500 to 1 odds on Auburn to win the College Football National Championship. Unexpectedly, Auburn had some big SEC wins and Ohio State lost to Michigan State in the Big Ten Championship. Auburn ended up playing Florida State in the National…