It snow joke…….
If the bookmakers Ladbrokes have cut the odds of snow at Easter to 4/5, after taking a flurry of bets in the last 48 hours, what is that saying about the chances of a white Easter?
But then Ladbrokes are not meteorologists, and they have no greater insight into the possibilities than the average punter on the streets. But there must be some quasi-scientific base on which they calculate their predictions………or is this just fanciful thinking?
A bit like the actuarial tables used by insurance companies to calculate the likelihood of key occurrences like traffic accidents, flooding and (dare I say it) death. Or, as in the case of the financial markets, we always calculate the future performance of investment funds using information on past performance, even though we are told that this is seldom a safe guide.
So, if it does snow on Easter Sunday, it will be the very first time in…………………..well………… only five years. As a lay person, that sounds to me like a distinct possibility close to certainty…….worth putting a tenner on it?