So...

[TGJB]

A couple of weeks ago, somebody hit the SA pick six for 1.5 million.

The day before, one person was live with one horse going into the last, for 430k. That would be me.

That horse, the favorite, was much the fastest if he fired. Which he did not-- trailed early, 4 path first turn with no-one inside him, stunk up the joint.

Anyway, he was claimed by Yakteem, who put blinkers on him, he worked great and just won the first at SA. Great.

[Boscar Obarra]

You want to have some fun, check out the betfair action on Brexit.  odds went from 5-1 to 15-1 all the way back to 5/2 for LEAVE, all in a matter of minutes. 74 million pounds total wagered, so there is real money on both sides.

update now 8/5

[Furious Pete]

3/5 now

[Furious Pete]

About 120 million dollars matched at betfair right now, about the same as an avg japanese day of horse betting (!).

[Boscar Obarra]

Unreal, futures market in turmoil. Any forex traders dumb enough to be betting on on the wrong side have been destroyed.

[Furious Pete]

I wonder how the world looks like tomorrow. I think we\'re witnessing a black swan in slow motion.

[Boscar Obarra]

No so slow if you watch the trading realtime.  All stock futures crushed, and British Pound made into porridge.

 And so much for the ballyhooed \'wisdom of crowds\' theory of betting markets, who got it totally wrong.

 Horseplayers know better, 1/5 or not, they still have to run around the track .

[Furious Pete]

It\'s carnage.

It\'s really crazy that so many are willing to take this chance, it\'s not a natural thing to do at all for us humans to make these jumps into the uncertain when what you have is okay, but it must be something in the time. I wouldn\'t bet against Trump after this.

[TGJB]

On the contrary. Especially because of this.

[Boscar Obarra]

Market \'crash\'.

 S&P down a fat 5%

Basically anything but gold related is gonna be down big. Unless some miracle happens overnight.

[joemama]

Agreed!

[joemama]

Germany\'s next.

[Boscar Obarra]

Just saw a number, 2.1 TRILLION market cap lost on world stocks today.

 That\'s even more than the Hong Kong handle.