Stakes are high in hurricane betting

[OuterBanker]

Let us not forget that Bill Gray's start was due to a type of gambling. His first forecasts were performed for insurance company's, they are the ones that paid for the research. Insurance rates were determined by the "odds" of land falling hurricanes for that particular year.

[Jim Cantore]

Let us not forget that Bill Gray's start was due to a type of gambling. His first forecasts were performed for insurance company's, they are the ones that paid for the research. Insurance rates were determined by the "odds" of land falling hurricanes for that particular year.

these people in this gambling game though are trying to profit from it.

[Derek Ortt]

again,

there is nothing wrong with profiting from this, either via the odds route, or thorugh the securities route that I make money in

[Jim Cantore]

I think these people have better odds at the blackjack table.

[Jim Cantore]

The good thing about it is that the house cant rig this one.