Wednesday, May 26, 2004

How to Bet Smarty
TIME.com:
May. 31, 2004
Savvy ways to wager — without getting burned — at the Belmont Stakes
"STUFF IT AWAY ...
Thanks to a healthy collectibles market, if Smarty Jones is the victor, your winning ticket may be worth more if you never cash it in. Here's why: a $2 bet on Smarty Jones probably won't pay off more than $1.50. But if you put the stub in your sock drawer, experts say it's probable you'll be able to sell it as a collector's item for hundreds, if not thousands, of dollars in 10 or so years. Think that sounds crazy? Last week's winning eBay bid for an uncashed $2 Smarty Jones ticket from the Kentucky Derby: $167.50."

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