Quick Fact – Gamble Gone Really Wrong
1921 Two Minnesotans each wagered $5,000 (about $67,000 today) on a new Fort Scott, Kansas oil well not producing 25 barrels the first day. Twenty-seven Kansans pooled the same amount and bet the opposite. The latter group won and was paid. The losers, however, alleged that water had been mixed with the oil to reach…