Good Bet; Bad Bet

I keep a few quid in a Betfair account that comes in handy for fun/spontaneous betting urges.

Like sticking a fiver on Comply or Die at better than 10/1 in The Grand National. Good bet.

Solely on the grounds that I liked the name of the horse, and a jockey called Timmy Murphy had to be worth backing.

Or like sticking twenty five quid on Celtic to win the SPL at better than 4/1. Bad bet!

I'd sat and watched Rangers grind to a halt against Sporting Lisbon and figured they looked like a team dead on their feet, and likely to drop points in their many away games. 4/1 seemed good value on Celtic to overhaul them.

Alas I failed to take into account that while Rangers are, indeed, shite; Celtic appear to be shiter (is there such a word?).

The league isn't dead just yet, but I'd want way better than 4/1 before putting another penny on now.