RE: OM Insurance Policy13 Feb 2025 15:46
Insurance Co.s , like Bookies, make a living by getting the odds right.
By offering effective odds of 27 to 4 in RKH's favour, they must be pretty sure that RKH will win.
N.B. If RKH lose then the insurer will have to pay out 31m Euros but , having received 4m from RKH, their net loss will be 27m Euros.