If you’re not British, or you live under a stone somewhere, then you may not have heard about one of the most extraordinary sporting stories ever. Leicester City, a football (in the British sense) team that last year only just escaped relegation from the top division, has just won the league. At the start of the season you could have bet on this happening at odds of 5000-1. Just 12 people availed themselves of this opportunity.
Ten pounds bet then would have net me 50000 pounds now, so a natural question arises: should I be kicking myself (the appropriate reaction given the sport) for not placing such a bet? In one sense the answer is obviously yes, as I’d have made a lot of money if I had. But I’m not in the habit of placing bets, and had no idea that these odds were being offered anyway, so I’m…
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