A Portuguese online bank has unveiled a novel interest rate deal by letting clients bet on the outcome of the U.S. presidential election.
Banco Best’s customers will be awarded interest on their 60-day deposits on the basis of whether they bet correctly on the winner of the November 4 U.S. election between Sen. Barack Obama and Sen. John McCain.
If they pick the winner, they will be rewarded with interest of 8 percent, applied retroactively from November 4 to the day they opened the account. If their bet is wrong, they will get just 2 percent interest.
Banco Best will offer up to 10 million euros of the so-called McCain/Obama Deposit, which can be subscribed to online at any time until November 3.
American banks just say, “Show me the money!”
What’s the Handle in Vegas ???
whatever markets people use to put their money at risk will always be a more accurate indicator of the future than calling random people on the phone and asking their opinions.
opinions are cheap.
#1
2008 Presidential Odds Sponsored by SBG Global
Barack Obama: -250
John McCain: +200
2008 Presidential Odds Sponsored by LooseLines
Barack Obama: -340
John McCain: +280
Other: +3000
2008 Presidential Odds Sponsored by SportsBetting.com
Barack Obama: -300
John McCain: +200
2008 Presidential Odds Sponsored by Sportsbook.com
Barack Obama: -300
John McCain: +200
2008 Presidential Odds Sponsored by BetUS
Barack Obama: -350
John McCain: +225
2008 Presidential Odds Sponsored by BodogLife
Barack Obama: -300
John McCain: +225
Seeing that picture with John McCain reminds me of senator Palatine who became the emperor in the Star Wars saga.
And here you were thinking that only American financial institutions were crazy…
# 6 Joe
No she is Salacious Crumb. lol
This makes me angry.
Along with everything else.
lets see…
registered demo
63million
registered reps
43million
registered but NOT demo/rep
32million
140million voting(maybe) which leave about 100million NOT voting.
Which beats out the 50/50 split we had before..
Its the 32million that can SHIFT the whole game, this time.
Another excellent site is Intrade.com. It’s based on buying and trading contracts like commodities. Right now it’s Obama 338, McCain 200. There’s a great map.
#7 I regard Palin as more of a Ja Ja Binks