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But as the economy deteriorates, A.I.G.'s insurance bets certainly become more perilous.
So consider all those swaggering hedge fund managers and Wall Street proprietary traders who recorded paper gains on their credit insurance bets as the prices of Bear and Countrywide bonds fell.
They were, in this case, simply insurance bets on the bankruptcy or inability of municipalities throughout the country to meet their debt obligations.
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But once everything is in hand, I will know what that drug was that did not work and be able to correct any database errors that make me look like a bad insurance bet.
If the dealer has a blackjack, all bets tie, your original bet and your insurance bet.
If the dealers up card is an Ace the player then has the option of placing an insurance bet.
The best time to make an insurance bet is when the count is (whatever you found it to be).
When making an insurance bet, you are betting that the dealer's hole card is a 10, Jack, Queen or King.
If the dealer turns out to have a blackjack, you will have a "push" (tie) with the dealer; your insurance bet will pay 2-1 which pays better than the original bet of 3-2!
Wall Street pays out billions of dollars in bonuses regardless of performance and has already begun securitizing about $18 billion worth of peoples' life insurance policies betting (indeed hoping) people will die earlier than expected, and speculators are once again hedging those bets with credit default swaps.
REUTERS Fidelity Adjusts to the Restaurant Business | Fidelity National Financial, which sells title insurance, is betting on sandwiches and tenderloin beef carpaccio after buying O'Charley's, a dining chain, this month, Bloomberg Businessweek writes.
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