Archive for May 17th, 2011
$140,000 Bet Against Animal Kingdom
May 17th, 2011 | 
Author: A Staten Island man is so sure Animal Kingdom will not win the Preakness that he has put his life savings of $140,000 on the line.
Not that Animal Kingdom should take this personally. It’s more a bet that no one is going to win the Preakness. In fact, you’ve seen races where it’s hard to convince yourself anyone can win, well he thinks it’s a sure thing.
It’s a pure numbers play. The Preakness post time is 6:05 p.m. Saturday, May 21.
This fellow has spent his $140,000 savings for subways placards and bus stop signage to herald the end of the world at 6:00 p.m. on Saturday.
That means no Preakness. I mean I’ve heard of past posting a race, but you can’t past post the end of the world.
What’s really regrettable, however, is this guy’s money management. If he’s wrong, he’s out $140,000. If he had just taken that $140,000 and put it on Animal Kingdom to win, he could be wrong about Judgment Day and still potentially triple his money.
You always want to hedge your bets.
Animal Kingdom at Fair Hill
