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Turns out he bet wrong.
This time they bet wrong on the outcome.
If Bloomberg has bet wrong on these, he loses.
Those who bet wrong lose what they wagered.
Hedge funds that had borrowed and bet wrong were reckoned to be in deep trouble.
The Magic had better hope Howard decides to stay, writes Jemele Hill on ESPN.com, because otherwise they bet wrong.
Similar(27)
But he bets wrong.
When he bets wrong, you scratch your head.
But if insurers in the heat of competition get their bets wrong, thousands of octogenarians may find themselves outliving their means.
Those contracts may be bought for as little as a few thousand dollars, but they are highly leveraged, so an investor who bets wrong could easily lose several times that amount.
But if he bets wrong, there could be dire reverberations.
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