Business: Casino
Betting stock market   (0)  [vote for, against]
I'll buy a Lennox Lewis win at $1.22

A betting shop that allows you to buy and sell bets. The bets are traded on a market and you can either go long (getting dividends for wins) or short, selling a high profile player before a major championship that you don't think they can win. It's a little like betting but with longer term effects.
-- st3f, Apr 29 2003

...and yes, I did steal the name. http://www.halfbake..._20market_20betting
Stock market betting [st3f, Oct 05 2004]

BAKED! TradeSports
[thejini, Oct 05 2004]

Interesting idea, but...

The usual reason for setting up Futures exchanges like this is to allow people to participate in markets where either they can't afford the underlying or they can't easily find willing counterparties. Given that betting is widely available in very small denominations, I don't think these market conditions apply.

...hence there's no point.
-- DrCurry, Apr 29 2003

I want fifty shares of 'J-Lo and Ben Affleck will kill each other in a bloody murder-suicide', please.
-- 1percent, Apr 29 2003

As a side bet, I'll take Jennifer Lopez over John Lovitz in the ID of J'Lo at said bloody scene.
-- thumbwax, Apr 29 2003

So would it be like long term spread betting?. I thought the stock market was betting.
-- sufc, Apr 29 2003

Isn't this widely done wherever you have two traders to rub together.

Sometimes, Lennox Lewis is more liquid than many stocks I'd care to name.
-- FloridaManatee, Apr 29 2003

random, halfbakery