Fergie's Tech Blog

U.S. Hurricane Outlook Draws Betting Surge

A Reuters newswire article by Michael Christie, via Yahoo! News, reports that:

If he believed the smart money, online gambling commentator Christopher Costigan would move out of his oceanfront pad on Miami Beach right now.

According to the odds given by the multibillion-dollar Internet betting industry, it's almost a dead certainty that Florida will be struck by a big hurricane during the 2006 Atlantic hurricane season, which officially opened on Thursday.

But Costigan says he is staying put. "I will be betting on the reverse ... I'm looking right at the ocean," he said.

posted by Fergie @ 6/01/2006 10:33:00 AM