A few things to remember:
-The way our odds work is that if someone’s odds are negative, that means that is how many TFP$ Bucks you have to bet in order to win TFP$ 100. So for the front runner Joe Kahn, standing at -125 in our lineup: To win TFP$ 100 off a bet on Kahn, you’d have to put up TFP$ 125. For all the contenders with plus-odds, that number is how much you win if you bet TFP$ 100 and the candidate is named executive editor. An TFP$ 100 bet on deep long shot Ben Smith would net you a cool TFP$ 25,000.
-Remember that bets on long shots for the executive editorship pay out much bigger than bets on favorites. So, while it might seem safest to bet your TFP$ on the names at the top of the list, putting some into longer shots might be a better betting strategy. (And to save you the math: an TFP$ 1,000 bet on Kahn would win TFP$ 800 if he gets the job.)
-We won’t be publishing anything about individual bets — though you’re of course free to discuss your own bets with whoever you like. But for Off the Record, your bets are confidential!
-We welcome the use of (sensible) pseudonyms for our leaderboard.
-Bets will be placed at the odds offered at the time they are submitted and cannot be canceled.
-In case two bettors finish with the same winnings, we’re asking that when you make your first bet(s), you predict the date The Times will announce its new executive editor. In the event of a tie, the closest guess wins.
-You might not want to place all of your bets right away, as odds will be changing, based both on how bets are placed as well as at our discretion if external events merit it. We’ll keep track of how much you’ve bet so far, so feel free to hold back some of your TFP$ Bucks to see how other players are viewing the race.
-We won’t take any bets on candidates not listed on our odds chart, but we will gladly consider any new names if you make a good case for why they deserve a shot. Drop us an email!
