Putting my boring accountant hat on, the outstanding bets should be valued at cost.
When accounting for stock and work in progress in the real world, the accounting policy is "valued at the lower of cost or net realisable value" Accounting is all about being prudent with regards to valuations....
I, being the ice cream that I am, have found a site offering odds of 10/3, for England to win their remaining 5 group E games. The fixtures are as follows:-
Slovenia (a) San Marino (a) Switzerland (h) Estonia (h) Lithuania (a)
The obvious difficult match is the next, Slovenia away, but if this can be negotiated I feel the next 4 are pretty much plain sailing. I'd imagine the San Marino, Estonia and Lithuania games would all have England as big odds on, and the other too as maybe 4/7, 8/15 region?
Could somebody please show me the error of my ways, and tell me this is an ice cream bet.
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