An Easy Way to Earn an MLB Salary
Jan 25th 2008ericjhoroMinor League Baseball & Gambling
The fantasy sports craze won’t last forever. At some point people will want something that adds even more importance to meaningless sporting events. And by that I mean people will want something that makes games even more exciting to gamble on.
On that note, I introduce you to Indians farmhand Randy Newsom. The 25 year-old pitcher is offering 4% of all his future major league earnings for $50,000. If you don’t have that kind of money, you can buy a share of that 4% for $20.
Think about how this takes sports gambling to the next level. If you’ve got a piece of Newsom it won’t matter if he comes in with his team down 12 runs. Every single pitch he throws will be like the spinning of a roulette wheel. Fantasy sports can’t provide that kind of excitement.
The sort of thing Newsom is doing is already fairly common in other industries. Right now the most popular form of “selling yourself” is offering a percentage your future earnings to whoever pays your grad school tuition.
Clearly there’s a bright future for sports gambling, fantasy games, stocks, and all that other good stuff. Don’t be surprised if in five or ten years you can bet on any professional athlete’s career the way you can bet on Newsom’s. Maybe college athletes will even begin selling a piece of their booster payments.
(Via Marginal Revolution…again)
2 Comments »
Yo Dat Shit is da Balm on 25 Jan 2008 at 5:37 pm #
Tell me again why I got busted for pimping?!
Harry on 03 Feb 2008 at 1:50 am #
So, if I invest 20 bucks, I get 16 bucks for every million he earns in the bigs.
Makes arbitration eligibility a big occasion, doesn’t it?