Bet I live to 100

[andy]

For all of you go-getters out there - working from contract to contract without taking holidays in some hellhole of an IT site living out of a suitcase in damp accomodation - beware
[/B]

Why would somebody get stressed reading and posting drivel on CUK forum all day .Taking holidays is so stressful in comparison. Book flights,acco. etc etyc

[AlfredJPruffock]

For all of you go-getters out there - working from contract to contract without taking holidays in some hellhole of an IT site living out of a suitcase in damp accomodation - beware

From Wilkiepedia ....


Recreation is essential to the longevity of human beings, especially because it helps counteract stress.

Today, according to Time magazine, stress is a major factor in many of the leading causes of death in the United States, including heart disease, cancer, lung ailments, accidents, cirrhosis of the liver and suicide.

[Numptycorner]

86% you would reach 65 from the age of 40. I'd give you odds of 6/50 of not making it.

www.gad.gov.uk/Life_Tables/docs/wltukm0305.xls

[AlfredJPruffock]

Who needs a pension?

Simply take out a bet now with a bookmakers that you will live to 65 (say 50/1 odds) and bet £10K.

If you make it, collect £500K pension fund. If not, who cares, you're dead!

A remarkably good suggestion - one of the best I have read here.

Reminds me of those who believe in the Afterlife if they did and there is an Afterlife - then their efforts have not been in vain - if they die and there is no Afterlife - they will never know the better.

[Numptycorner]

What is the ratio of people dying in their nineties to those who reach 100?

Your odds say that 10 out of 11 ninety-year-olds will make it to 100, but I'm guessing the bookies know their stats better than us.

Than you maybe.

Probabilty of reaching 100 from birth= approx 0.0062

from age 90 it will be much higher than that

1/250=0.004 (estimated lower even than someone who has just been born), so they cocked up, hence the payout.

I'm just calculating 10P90

edit= 0.045

They should have offered 20-1

[Lucifer Box]

True, you'd be lucky to get 1-2 on reaching 65, let alone 50-1. However, I like the principle of what V says. A bit like an annuity.

But tax free.

[wendigo100]

Life expectancy from birth must be 75 now, life expectancy if you reach 30 must be well into the 80s.

True, you'd be lucky to get 1-2 on reaching 65, let alone 50-1. However, I like the principle of what V says. A bit like an annuity.

[threaded]

"remembering to keep breathing".

There are some people you take an instant shine to, and this guy is one of them.

[wendigo100]

He placed it when he was 90 and they gave him 250-1!!!
prob 1-10 would have been more likely

How stupid.

What is the ratio of people dying in their nineties to those who reach 100?

Your odds say that 10 out of 11 ninety-year-olds will make it to 100, but I'm guessing the bookies know their stats better than us.

[Numptycorner]

Who needs a pension?

Simply take out a bet now with a bookmakers that you will live to 65 (say 50/1 odds) and bet £10K.

If you make it, collect £500K pension fund. If not, who cares, you're dead!

Life expectancy from birth must be 75 now, life expectancy if you reach 30 must be well into the 80s.

[_V_]

Who needs a pension?

Simply take out a bet now with a bookmakers that you will live to 65 (say 50/1 odds) and bet £10K.

If you make it, collect £500K pension fund. If not, who cares, you're dead!

[Numptycorner]

http://news.bbc.co.uk/1/hi/england/surrey/6586637.stm

A man who bet £100 a decade ago that he would live to be 100 is celebrating his birthday with a cheque for £25,000.

Alec Holden, from Epsom in Surrey, is picking up his winnings from bookmaker William Hill, which gave him odds of 250/1 that he would reach his century.

The retired engineer, born on 24 April 1907, joked he had been "very careful" about what he had been doing recently.

Mr Holden, who also used to work as a teacher and a carpenter, plans to take some friends to a hotel to celebrate.


He placed the bet on 10 December 1997, when he was aged 90, with the thought that he "would live forever".

Mr Holden, who has two sons aged 70 and 60, puts his longevity down to porridge for breakfast and "remembering to keep breathing".

He said it was also important not to worry about anything, do as little work as possible, and go on lots of holidays.

Sounds like he used to be an IT Contractor.

He placed it when he was 90 and they gave him 250-1!!!
prob 1-10 would have been more likely

How stupid.

[ratewhore]

...and "remembering to keep breathing".

That's where most people go wrong see...

[_V_]

http://news.bbc.co.uk/1/hi/england/surrey/6586637.stm

A man who bet £100 a decade ago that he would live to be 100 is celebrating his birthday with a cheque for £25,000.

Alec Holden, from Epsom in Surrey, is picking up his winnings from bookmaker William Hill, which gave him odds of 250/1 that he would reach his century.

The retired engineer, born on 24 April 1907, joked he had been "very careful" about what he had been doing recently.

Mr Holden, who also used to work as a teacher and a carpenter, plans to take some friends to a hotel to celebrate.


He placed the bet on 10 December 1997, when he was aged 90, with the thought that he "would live forever".

Mr Holden, who has two sons aged 70 and 60, puts his longevity down to porridge for breakfast and "remembering to keep breathing".

He said it was also important not to worry about anything, do as little work as possible, and go on lots of holidays.

Sounds like he used to be an IT Contractor.