Mall wrote:

"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."


Hey, Chuck --- Cella wasn't on the hook for half of 5 mil, just a fatty insurance premium, and I very much doubt the underwriter (who WAS on the hook for the whole 5 mil) bet a million to cover.

*sets up football*