Re: Smarty Jones, the O-2 pitch (473 Views)
Posted by:
Mall (IP Logged)
Date: May 03, 2004 06:04PM
Smarty might have been a tad closer to 8-1 if what I'm hearing is true. Taking a page from the Euro bookmakers who sometimes hedge by betting into the BC pools, Cella, who bought an ins policy for 1/2 of the $5 million bonus, apparently decided after the Ark Derby that it might be a good idea to hedge the other $2.5 million in the win pool. I've not seen a breakdown which shows how much was wagered on each horse, but a $600k win bet had to depress the odds at least a little.