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Not sure if he knew or not, but with so much juice on a "no" vote, he would've single handily moved the numbers too much in his favor. The art of being a good
by at-fates-hands 12y ago
Not sure if he knew or not, but with so much juice on a "no" vote, he would've single handily moved the numbers too much in his favor.
The art of being a good bookie is making sure you have action on both sides of a bet - that way you never lose. By taking that much heat on an obscure bet would cause a lot of people to either move all of their money to one side, or everybody would be spooked and cancel all their bets.
If the bookie were to take that bet like he wanted to, it would have put him out of business either way.