Paddy Power cuts odds in half for UFO discovery

Paddy Power cuts odds in half for UFO discovery

www.joe.ie

Treasure hunters believe they may have found a UFO and now they want their odds.

A group of Swedish treasure hunters believe that a 190-foot circular object is located 285 feet below the Baltic Sea, somewhere between Sweden and Finland.

Previously the odds for finding extra terrestrial life on earth were 40/1. But all this talk of finding a UFO has got Paddy Power a little worried, so they’ve dropped the odds down to 20/1. Maybe they know something we don’t.

(visit the link for the full news article)

The odds offered by book-makers on this sort of bet bounce up and down over the years. I'd love to know what they base their odds on...

I mean, do they take a straw poll of a team of scientists or just pluck a figure from the air?

How would you set these odds???

20/1 seems a bit mean to me. I'm sure some UFO skeptics would offer me better odds than that.

All the best,

Isaac

www.joe.ie
(visit the link for the full news article)

reply to post by IsaacKoi


Bookmakers are very shrewd people and they hate paying money out, despite what they may claim in their marketing etc.

Maybe it is a marketing ploy or maybe they are just hedging their bets and being prudent.

Still 20/1 on the face of it looks attractive it is quite short for such a bet considering circumstances.....I could be tempted to place a small wager at 40's depending on the small print.

It probably just a formula they use. Once you factor in "one possible discovery of craft" it effects the odds significantly.

I don't know
wtf is Paddy Power
some type of Super Leprechaun?

are your odds better @ hitting the lotto or having a close encounter...
I don't think its a craft ...
for the mere fact the military[some1's] would be all over it.
not to mention the rag featured in the vid below looks alot like
the enquirer?

reply to post by IsaacKoi


Seems like there is alot going on at the moment in regards to the chess pieces being moved around the board. Now it seems that even the bookies are getting in on the action. There does seem to be alot of activity in regards to UFO's and the MSM lately. One has to question its authenticity though. Project bluebeam could be closer than we originally thought.

So... a group of experienced (and from the sound of it well-funded after previous discoveries) treasurehunters find an object that, whether or not it is a UFO, is of tremendous scientific interest if confirmed...

...and the newspaper concentrate on the bookmaker changing their odds.

Tell me more about the object!

Edited add: After viewing the video, it looks a lot like the Millenium Falcon...

reply to post by EvillerBob



That is what news is. There is no new news, only the original story. So, it will get regurgitated a million times, and then re-examined from different angles until each and every little banal scrap of innuendo has been re-regurgitated by "experts" and pundits the world over.

Filling 24 hours of cable news, plus keeping fresh content on web pages to drive page hits isn't easy. It takes lots and lots of filler garbage.

Meanwhile, a mere 72 hours after this story first hit headlines, there are no new developments. The world doesn't really move as fast as cable news wants it to.

Originally posted by EvillerBob
So... a group of experienced (and from the sound of it well-funded after previous discoveries) treasurehunters find an object that, whether or not it is a UFO, is of tremendous scientific interest if confirmed...

...and the newspaper concentrate on the bookmaker changing their odds.

Tell me more about the object!

Edited add: After viewing the video, it looks a lot like the Millenium Falcon...

edit on 27-7-2011 by EvillerBob because: (no reason given)

Yeah i have to agree it does look like the millenium falcon lol

Originally posted by EvillerBob
After viewing the video, it looks a lot like the Millenium Falcon...

As noted in this video:



By the way, there is an article about the "discovery" on the Australian website below:

See Here

Cylon Raider or algae? Swedish booze hunters may have made the UFO find of the century

...

That's kept Ocean Explorer team leader Peter Lindberg in the deep-sea suds search business ever since, but nothing he's found has caused as much controversy as a circle that turned up on a sonar survey on June 19.

Mr Lindberg didn't say much about it at the time apart from releasing the image and ruling out theories that it may be a land mine or algae bloom.

Obviously, that didn't generate enough attention, so now, after further examination, Mr Lindberg has gone public with some more details about the dimensions of the disc.

"At 87m down, between Sweden and Finland, they saw a large circle, about 60 feet in diameter," he told local media last week

The comments on that article are pretty funny...
See comments here

bookies respond to events & people betting money. e.g if a story comes out that a meteorite might contain alien microbes bookies will drop their odds on finding alien life they will also respond if people see that story and start putting money on in order to minimize their payout on future bets.

20/1 is quite bad tbh the best chance is definitley from a meteorite and theres been claims of that already but nothing confirmed.

I hope htey share some of the loot. Why go through all of this trouble to get at it the thing and then keep it all for yourself? I say we cut it up into microscopic pieces and ship it to everyone in the world to ensure that everybody has a share in the prize. Film the whole thing too from multiple angles to appease the skeptics so that they won't be thinking that you got a hidden stash somewhere. I'm eager to see the treasure. Arrrrrrrr.

I hope they don't turn out to be bootleggers... Will be watching with a careful eye. Arrrrrrr.

Reading this right, you've more chance of being hit by a UFO driven by Elvis than you have of winning the lottery?

Wonderful, something tells me the odds are skewed somewhat against the average punter for these fringe bets.

Arrrrrrr.

20/1 = implied probability of 4.76%

I am sure it is much lower than that; it should probably be around 1-2% meaning we should be getting 50/1-100/1 type odds on this sort of thing which would be worth taking a shot at. I mean these type of props bets are really for fun so any bookmaker in there right mind would keep the odds low on this sort of thing as to not have to payout something extravagant. They probably have a max bet limit on it which is probably low.

As for "the ship that made the Kessel Run in less than twelve parsecs" looking like this thing, I would have to agree. Is it a UFO? no clue.

reply to post by achewon87


We've been here before, Parsec is a measurement of astronomical distance and not of speed.

reply to post by Rob37n


It's a quote from the movie, where was I using it as a measurement of distance or time? And no, you and I have not been over this before in anyway, nor am I disputing what you are saying as it is a measurement of distance in space which is fact. Lucas is a jackass.

I know we haven't discussed this one personally, but the parsec discussion has been done to death by others.

Speaking of George Lucas, did you see this today? Lucas - loses in Court

It was not too long ago when a million dollar reward was up for grabs for evidence of UFOs, now 20/1 odds for an actual UFO. Things are a changing.

Originally posted by kwakakev
It was not too long ago when a million dollar reward was up for grabs for evidence of UFOs, now 20/1 odds for an actual UFO. Things are a changing.

Anyone not familiar with the relevant million dollar reward mentioned by kwakakev may be interested in my thread at the link below:
Best cases - National Enquirer Panel

I'm almost tempted to rewrite that thread. In the few years since I posted that information, I've learnt that posting such a long text without any videos or photos virtually doomed that work to be ignored...

I think I could write a thread now using the same information but more images and links - and the same research would get a fair bit more attention.

All the best,

Isaac