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Thursday, February 23, 2006

Betting on failure

When it was announced on the radio this morning that builders working on Wembley Stadium are thought to have won thousands of pounds by betting against the venue being ready in time for the FA Cup I thought I had misheard. However, apparently it is true.

Although London's loss is Cardiff's gain surely there must be questions asked as to why exactly work has fallen behind schedule on Wembley once again and whether these particular bets are valid or even ethical.
If the government want the Olympic facilities built on time, perhaps they should pump money into the market betting on late, making the odds on early very favourable to the construction people.
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