Spotted in USA-Today December 29 regarding betting on CEOs of companies being liable to lose their jobs. Consensus over on Stockhouse.ca is that Art Millholland is top of the list only because of the likelihood of a takeover of Oilexco in the New Year and not because of being ousted for any other reason.
"Brits use Betfair to wager on everything from snooker to U.S. football, but the only gamblers interested in CEOs are North American, and U.S. laws make Betfair restricted to Canada, Ferguson says.
Betfair does not back wagers but acts as a middleman for customers wishing to take different sides of a bet. Betfair's revenue comes from keeping 2% to 5% of the winning bet, Ferguson said.
Volume has been light. Less than $100,000 was wagered for or against CEOs in the first two weeks, Ferguson says.
Arthur Millholland, CEO of Calgary-based oil exploration company Oilexco, has been the most likely to lose his job by April 30, 2005, according to Monday's betting on the Betfair site. Someone who bets $10 that Millholland will still be around next spring would get about $20 if he survives."
This I suppose is a simple 2-1 chance of a takeover according to Betfair.
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