Tue. Feb 27th, 2024

What does a November 2023 hockey bet have to do with the 2008 financial crisis and the Chunnel connecting England to France? A lot, and the relation is key to understanding financial disasters — not to mention getting paid for longshot sports bets and getting from London to Paris safely.

It’s all about correlations, rare events and how bookies and bankers try to avoid paying.

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