BoDog Sportsbook & Casino has become the first sportsbook to offer bettors the opportunity to wager on the outcome of Martha Stewart’s impending trial on Securities Fraud.
“Even before she entered her plea, we had players calling wanting to wager on this,†said BoDog President, Rob Gillespie. “Our bookmakers were already on top of things and in meetings yesterday morning to come up with something for our players.â€
BoDog.com’s bookmakers are offering Odds on the outcome of the charges laid against her yesterday for Securities Fraud and have made a conviction a 1-2 favorite.
“We had to make sure that we presented bettors with an opportunity to wager on, what we feel, is the most serious charge that she faces, and that is the charge of Securities Fraud,†said Gillespie. “And all indications are that she’s likely to be convicted of that.â€
The odds on Stewart being acquitted are 4/1 and Gillespie says public opinion has a lot to do with that.
“We have to anticipate how the betting public will wager on this and set the line accordingly,†said Gillespie. “And we really believe the public wants to see her convicted and may bet with that in mind.â€
Stewart entering a Plea Bargain is listed as the second favorite at 6/5.
“I don’t think it’s below Martha to cut a deal to save herself,†said Gillespie. “Maybe she’ll include a pine-cone centerpiece or cupcakes with her testimony.â€
BoDog.com is also offering odds on the amount of jail time Martha Stewart will face, if any, once convicted.
“Obviously we feel that she’s going to be convicted and we’ve now given bettors two ways to wager on Martha Stewart,†said Gillepsie. “But, at least according to our bookmakers, it is unlikely she’ll face a sentence that includes time behind bars.â€
BoDog’s bookmakers have made “Less than one Month†the Odds-on favorite for Martha’s sentence.
Y'know, I find it interesting how my personal opinion has changed over time, since the announcement of Stewart's involvement in insider trading.
I disliked her anyway, and laughed when she got caught doing this. But as time has gone by, I can't believe how her "sins" have paled in comparison to all the other corporate shenanigans that have occurred in the recent past.
Her actions are so minimal in comparison to all those dirty CEOs and executives (including the one who gave her the tip). Yet everyone is focused on her, while frankly the others are not in nearly as much trouble as her.
The justice system is laughable today to be totally frank. The Government wastes so much money on stuff to me that is just retarded and yet some reports put as many as 30 serial killers on the loose in the US currently.
I would rather see someone I care about be safe when pumping gas late ate night then make sure that people like Martha aren't selling stock after getting a phone call.
The thing that gets lost in all this too is the piddly amount of this transaction. Martha is worth slightly more then 300 MILLION DOLLLARS by some accounts. This transaction was barely for 400k. I seriously doubt she needed 400k to add to get piles of cash enough to risk prison time.
Anyway, she is not guilty so I am betting this at BoDog. $50 for free in my opinion.
MC