Archive for May 17th, 2011
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.