PERHAPS Ladbrokes, the British bookmaker, should employ more
mathematicians.
At the end of last month, the company offered a free £50 bet to anyone
who deposited at least £50 in their betting account. So if you bet
£50, win or lose, they gave you another £50 to bet. After you had
made a second bet with this free £50 you could withdraw any money left in
your account.
A friend of Feedback—let’s call him Neil—realised that if he
worked in a pair he could ensure them both a profit. He and his friend Stuart
bet on tennis, which…
