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Free furniture if the Red Sox win it all again
—Posted by David Gianatasio |
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March 9, 2007 | Permalink |
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Tracked on Mar 10, 2007 4:02:47 PM
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Looking at it probabilistically, the Sox are currently at 6 to 1 odds to win the Series this year. Therefore, this is a 16.7% discount. Not bad.
Posted by: IA | Mar 9, 2007 3:40:09 PM
My bad, 6 to 1 odds are more like a 14% likelihood of victory. Still pretty good, though.
Posted by: IA | Mar 9, 2007 3:40:53 PM
It's a wicked insult by Jordan's: they're essentially saying they don't think the Sox can win.
Posted by: No, No, Nanette! | Mar 9, 2007 4:01:15 PM
Here's an opportunity for anyone who's enterprising. Go to Jordan's, and offer anyone shopping for furniture a deal - you'll buy the furniture for them from Jordan's, and immediately sell it to them at a 7% discount.
What you're left with is a call option on the Sox winning the world series which you've paid 7% for. Now go to Vegas and sell a call (i.e. place a bet on the Sox NOT winning the world series). If the odds are 6:1, that implies such a contract would earn you 14% to write. You spent 7% on the discount you gave, so you're left with a 7% arbitrage profit.
Why arbitrage? Because you're now completely hedged and are indifferent to whether or not the Sox win the world series, since you have two offsetting contracts.
Free money!
Posted by: IA | Mar 9, 2007 4:10:09 PM
I knew following the baseball stats would pay off!
Posted by: Amos Otis | Mar 9, 2007 4:55:04 PM
"No, No Nanette."
Funny.
Painful, but funny.
BTW, the Sox have the best and deepest pitching staff in baseball this year. I'll leave it at that.
Posted by: Bob | Mar 10, 2007 11:51:19 AM
in a related promotion, george steinbrenner offered to pay to move the furniture of all the red sox stars he swipes for his yankees team.
Posted by: HighJive | Mar 10, 2007 12:04:30 PM
As an ex-Bostoner, seeing this pony tailed retard pop up again in my life makes me want to drive to their superstore, eat Fuddruckers until I barf, see an Imax movie in the Home Depot next door, and tell him his ad on "Sectional Frustration" still plagues my nightmares. At least Bernie & Phyll's had a catchy jingle.
Posted by: tom lout | Mar 12, 2007 9:29:26 AM
Quality, comfort, and price!
...that's nice!
Posted by: IA | Mar 12, 2007 10:56:05 AM
I think it will be a possiblity that the Red Sox have a 99.9% chance to move to Las Vegas and leaves Boston, because I think it will make them more attention to become the Las Vegas Red Sox than it is called Boston Red Sox because if Donald Trump buys them and move them to Vegas it will be a smart move because he'll do that and it will gave the Red Sox more importance to be favorrie than the Yankees and they'll win more titiles they will even out numberd the Yankees with World Series wins some day because their in Vegas. I think Sin City is built for the Red Sox not Boston.
Posted by: Miguel A. Alarcon | Apr 6, 2007 6:09:49 PM
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!
Posted by: sox fan | Oct 29, 2007 9:23:12 AM
THANKS FOR THE FREE FURNITURE!!!!! GO RED SOX!!!
Posted by: CD | Oct 31, 2007 6:33:32 PM
