Bookies prepare for £3bn squeaky bum time

Italy win 2006 world cupWith £3bn expected to be wagered on the World Cup over the next five weeks, it’s squeaky bum time for the bookmakers, who will be praying for an outsider like Chile or the United States to win in South Africa. And if you’re the broker responsible for selling insurance on France triumphing for Berkshire Hathaway Inc, don’t bother going into work on July 12th. “I think we’re going to lose 30 million bucks or something like that,” said Berkshire Hathaway’s billionaire owner Warren Buffett. Read more.