Gambling on Gravitational Waves

At the Institute of Physics conference Photon 04 today, Professor Jim Hough, one of the UK's leading scientists, revealed that he thinks high street bookmakers are crazy to be offering odds of 100-1 on whether Gravitational Waves (wrinkles in relativity) will be discovered before 2010. He has placed a personal bet of £25 – the maximum Ladbrokes allowed him to stake. The available odds were quickly cut from an initial offering of 500-1.