Free Hemlin Metairie Products if the Saints Win Super Bowl?

Hemline Metairie is wagering an interesting bet on the New Orleans Saints chance at winning this football season's Super Bowl.

The wager is that if the Saints win the 2012 Super Bowl championship game Hemline Metairie will refund you the price of items you purchased during their special promotion. More info about it at http://www.facebook.com/event.php?eid=260054877359730

It's a creative and interesting way to arbitrage their products. If done right then everyone wins. The odds of the Saints winning the Super Bowl are about 12-1. That is, if you bet that the Saints will win the Super Bowl somebody should be willing to take the bet and pay you $12 for every $1 you bet. This means that Hemline could (I don't know if this is actually what they're doing or not -I'm just speculating) take a percentage of what they make on the promotion and place a bet on the Saints to win. Then, if the Saints do indeed win they can use the money they collect to cover what they'll be giving out in refunds to the customers who bought items during the promotion.

If the Saints lose then customers will not collect a refund but they will still have whatever products they bought.

It's a pretty cool idea if approached as fun way to buy products you want while keeping an eye on what's happening with the Saints.