Cash In on Global Warming
Posted on Apr 13, 2007
Why worry about preventing the climate crisis when you can profit from it? An online gambling site received more than 3,000 bets in three days on whether or when major U.S. landmarks will be flooded. Most are banking on Manhattan being underwater by 2011.
AP via Yahoo!:
An online gambling service has started taking bets on global warming, including whether it can submerge some of the East Coast’s top vacation spots.
The odds that Virginia’s Cape Henry will be under water by 2015—200-to-1 at BetUs.com. Its odds for Cape Hatteras flooding by the same date—300-to-1.
Don’t bet on it, says Phil Roehrs, a coastal engineer for the city of Virginia Beach. Roehrs said although sea levels are rising along the East Coast, scientists are not predicting anywhere near the levels and dates provided by the gambling service.