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Bet on German Train Delays

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Re: Bet on German Train Delays

#16

People used to bet on ships sinking and sailors drowning. Till they learned better. Edit: This was common until Parliament passed the Marine Insurance Act of 1745. Before that, speculators could take out "wagering policies" on vessels they had no connection to. This created "coffin ships" - unseaworthy vessels sent to sea because the insurance payout for a wreck was worth more than the ship itself. The law introduced…

They still do, they just call it insurance.

Re: Bet on German Train Delays

#19
post #10

People used to bet on ships sinking and sailors drowning. Till they learned better. Edit: This was common until Parliament passed the Marine Insurance Act of 1745. Before that, speculators could take out "wagering policies" on vessels they had no connection to. This created "coffin ships" - unseaworthy vessels sent to sea because the insurance payout for a wreck was worth more than the ship itself. The law introduced…

Could you elaborate?

https://en.wikipedia.org/wiki/Lucona kinda fits...

Re: Bet on German Train Delays

#20
post #10

People used to bet on ships sinking and sailors drowning. Till they learned better. Edit: This was common until Parliament passed the Marine Insurance Act of 1745. Before that, speculators could take out "wagering policies" on vessels they had no connection to. This created "coffin ships" - unseaworthy vessels sent to sea because the insurance payout for a wreck was worth more than the ship itself. The law introduced…

Could you elaborate?

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