Why It's Good To Be A Bookie, In 1 Screengrab : Planet Money A British bookie is taking bets on the gender of the royal baby. Whether it's a boy or a girl, the bookie will win.
NPR logo Why It's Good To Be A Bookie, In 1 Screengrab

Why It's Good To Be A Bookie, In 1 Screengrab

Kate Middleton is pregnant. This is good news for British bookie William Hill, which is taking bets on the gender of the royal baby.

This is basically the same as betting on a coinflip. But, as this screengrab from William Hill's site shows, gamblers only stand to win £10 for £11 they bet.

The other pound goes to the bookie.

HT: @charlesforelle