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	<title>Midas Oracle .ORG &#187; president and chief executive</title>
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		<title>Is sports betting legal if you bundle it with furniture?</title>
		<link>http://www.midasoracle.org/2007/10/24/is-sports-betting-legal-if-you-bundle-it-with-furniture/</link>
		<comments>http://www.midasoracle.org/2007/10/24/is-sports-betting-legal-if-you-bundle-it-with-furniture/#comments</comments>
		<pubDate>Wed, 24 Oct 2007 13:47:10 +0000</pubDate>
		<dc:creator>Eric Zitzewitz</dc:creator>
				<category><![CDATA[All Guest Authors's Posts]]></category>
		<category><![CDATA[Betting]]></category>
		<category><![CDATA[Regulations]]></category>
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		<category><![CDATA[Boston Red Sox]]></category>
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		<category><![CDATA[President]]></category>
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		<description><![CDATA[From the Boston Globe: Jordan&#8217;s shoppers sitting pretty if Sox win Thousands of Red Sox fans could be sitting in free seats soon &#8211; if their team wins the World Series. Jordan&#8217;s Furniture, the Warren Buffett-owned local chain famous for &#8230; <a href="http://www.midasoracle.org/2007/10/24/is-sports-betting-legal-if-you-bundle-it-with-furniture/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>From the <a href="http://www.boston.com/business/articles/2007/10/23/jordans_shoppers_sitting_pretty_if_sox_win/">Boston Globe</a>:</p>
<blockquote>
<h1>Jordan&#8217;s shoppers sitting pretty if Sox win</h1>
<p>Thousands of Red Sox fans could be sitting in free seats soon &#8211; if their team wins the World Series.</p>
<p>Jordan&#8217;s Furniture, the<strong> Warren Buffett-owned</strong> local chain famous for commercials featuring brothers Barry and Eliot Tatelman, earlier this year promised free furniture &#8211; including sofas, dining tables, beds, and mattresses &#8211; to customers who bought between March 7 and April 16, so long as the Sox win the fall classic. Now, there&#8217;s a real possibility that Jordan&#8217;s could be paying back millions to customers.</p>
<p>&#8220;Imagine yourself sitting on that sofa, watching that game, and knowing it&#8217;s free if they win,&#8221; said president and chief executive Eliot Tatelman, who is already appearing in new commercials reminding fans of his commitment to pay them back.</p>
<p>He wouldn&#8217;t disclose how much Jordan&#8217;s might have to pay out, but the money won&#8217;t come out of Jordan&#8217;s bank account: <strong>Tatelman bought an insurance policy to cover any losses in the event the Sox win the title</strong>.</p>
<p>Still, Tatelman said the chain took almost 30,000 orders during the contest. <strong>One customer stands to get back $40,000</strong>, Tatelman said.</p>
<p>&#8220;He did his whole house,&#8221; he said.&#8221;</p></blockquote>
<p>Now, I&#8217;ve got no desire to get these guys in trouble (even if their commercials were pretty annoying when I lived in Boston), but it&#8217;s interesting to note that since the Sox were about a 10 percent shot to win the series at the start of the season, <strong>the guy who paid $40,000 was really paying $36,000 for furniture and putting $4,000 on the Sox</strong>.  If this one gets the nod, expect to see more of these promotions.</p>
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