Yeah, I'd certainly never even think about taking $1.01, DP. Anybody who lost money backing Australia that day, got all they deserved. I reckon $1.15-$1.20 should be the minimum price for a single bet, but I prefer to wait for those at $1.40+.

By the way, the Australian cricket team was pretty much a 'statistical certainty' against England in the first test, but I actually use a different betting strategy when it comes to Cricket, so I'm not counting that one. Australia simply do not lose at Lords!