Australia $1.12 favourite to fall into recession

[S Demon]

"Not all economists would punt on Australia falling into recession, but betting agency Centrebet is offering good odds on the economy bottoming out.

The bookmaker has Australia a $1.12 favourite to fall into recession in the next 12 months and $5.50 if it is avoided."

[Westsider]

And what is their definition of a recession?

[overloaded]

when Kochie declares it on sunrise.

[G]

So they keep your money [say $1000] for 12 months an EARN whatever from it.
Their worst possible result is a payout of $1120 with a chance that 11 months down the track, a recession is declared and they then keep the lot.

[Mr_Willy]

And what is their definition of a recession?

A recession is two consecutive periods (quarters) of negative economic growth. The bet with Centrebet is PRIOR to 31st DECEMBER 2009. So you need to survive 5 periods (december 08, mar 09, jun 09, sep 09 and dec 09).

I think the $5.50 to avoid it is super value.

[another grub]

terrific value.... I might even have $5k on it..... that is a redicolous quote.....

ALL ABAORD!!!!!