Even Losers Can Be Winners

Last January Arthur King-Robinson — not to be confused with King Arthur Robinson — bet $882 that he’d be dead by the first week of December. He was 91 and, had he died, the 6-to-1 odds would have netted his wife $5292, enough to pay off the inheritance tax bill after his death. He lived. They lose — now if he dies his wife may not be able to keep their house because she won’t have enough money to pay the taxes. Living is easy, dying can be tough.

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