11 May 2007

TGIS: Thank God It's Schadenfreude! (114)

This week's joy in the misfortune of others comes courtesy of SportsColumn, via Deadspin (from Tuesday, May 8; links good at time of posting):
We love betting the trifecta. For a buck or two, you can win hundreds if not thousands of dollars on a race. Hell, sometimes we'll even go crazy and go with the trifecta box. However, we also know enough about statistics to know that you can't bet every single permutation in a race and expect to come out on top.

But that's exactly what a man in Rochester, NY did. On the day of the Kentucky Derby, a man walked into an OTB and asked how much it would cost to buy every possible trifecta combination.

. . . .

The man was told the answer and came back to place the wagers. It cost him a total of $13,680 for his $2 trifectas and he wound up winning... wait for it... wait for it... $440. If you're gonna make a bet like this, you better know what you're getting yourself into. And since the payout odds are terrible on favorites, you should just eliminate those trifecta combinations. But alas, the man had more cash than math skills so now he's $13,240 poorer for his trouble.

This story would only be better if he does the exact same thing in the Preakness.

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