When it comes to trans-Tasman rugby, the stakes are high; bragging rights and more importantly, national pride is on the line. So it took a lot of guts for New Zealand Prime Minister John Key to honor a bet he made with CNBC's Oriel Morrison.
New Zealand's All Blacks were crowned world champions in the last Rugby World Cup, and are hot favorites for this year's tournament in England. This meant that when CNBC anchor and erstwhile Sydneysider Morrison challenged Key to a bet on Friday, the odds proved irresistible.
The terms: the loser in Saturday's Bledisloe Cup, featuring Australia vs. New Zealand, dons the victorious team's jersey.