When Mario Vargas Llosa won the Nobel Prize for Literature this week, the British literary betting agent Ladbrokes couldn’t have been more pleased. Ladbrokes had given the Peruvian author slim odds of winning the prize, so when Vargas Llosa won, Ladbrokes avoided a massive payout.

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Literary Betting: Popular Abroad, but Could It Catch on Here? originally appeared on DailyFinance on Sun, 10 Oct 2010 12:00:00.

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