Risk-Free Short

Here's one of the more cut-and-dry examples of how to make money off of others' poor decisions. Apparently, a couple years ago, there was a market to sell Arnold Schwarzenegger's chances of becoming the Republican Presidential Nominee at rates as high as 4%. I'd love to hear some rationalizations on that purchase.

"If someone gives you 25:1 on the Terminator... you take it."