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gentlejoe

HOGWASH! A bet is a bet. Either stand up and take it as is or SHUT UP! "Sort of" does cut it. Nor does your wordy 'smoke and mirrors.'

Joe

Hey Gentlejoe:

For one thing, I don't qualify to be a counterparty under the original bet, since I can't prove financial viability.

AND, ever heard of a counteroffer?

steve

this is your worst post in a long time. Why are you complaining about a supposed bet with 1:1 odds?

Joe

Cause 1:1 bets are dumb. They're for kids. They don't generate serious action. They're based on the flawed notion that every situation with two potential outcomes should be priced at 50/50, which is, again, the way kids think. Incidentally, my pre-school teacher also thought thought this way, and even at the time I knew that was wrong.

To make a market, you've gotta give odds.

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  • The Stalwart is a blog written by Joseph Weisenthal, covering such topics as stocks, business, economics, politics, technology, gambling, chess, poker, economics, current events, music, math, Chinese food, science, randomness, kurtosis, sports, evolutionary fitness, and anything else of the author's choosing. The words contained herein are the author's own, not affiliated with any other firm or employer.

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