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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-10 02:11 PM
Original message
This is just plain sick
Website Offers Betting on Spill-Related Extinctions of Gulf Species


By ALLISON WINTER of Greenwire
Published: May 24, 2010
Think the spreading oil slick in the Gulf of Mexico could drive some species to extinction? Put your money where your mouth is.

The gambling website PaddyPower.com placed odds today on what species would be first to become extinct as a result of crude belching from BP PLC's ruptured well in the Gulf of Mexico.

Odds are the Kemp's ridley turtle, and endangered species that migrates to the Gulf this time of year, would go first. A $5 bet on the turtle would win $9 if it's listed as extinct at any time because of the spill. Less likely species -- the gulf sturgeon, smalltooth sawfish and elkhorn coral -- have payout rates of 20-to-1.

In a statement announcing the extinction pool, the Irish bookmaker said it hoped the betting would "highlight the environmental catastrophe" and the "sure bet" that it would lead to the loss of some marine species.

http://www.nytimes.com/gwire/2010/05/24/24greenwire-website-offers-betting-on-spill-related-extinc-84733.html

There are times when I just hate our species.....
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Angry Dragon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-10 02:15 PM
Response to Original message
1. I would wager
that bp is making a lot of bets..........
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Electric Monk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-10 03:28 PM
Response to Reply #1
3. and Goldman Sachs will find a way to bundle them, slice them up again, and sell derivatives
worth multiple times the values even of the original wagers.

What could possibly go wrong?
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Riftaxe Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-10 03:23 PM
Response to Original message
2. I'm willing to bet, that
you can get people to bet on anything. Any takers?
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Electric Monk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-27-10 01:50 AM
Response to Original message
4. So sick, it died an early death
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