Quote:
Originally posted by Colin@Dec 2 2002, 09:55 AM
Serge,
Assuming at least a casual interest in gambling - if you were in Vegas you'd love to bet $50 to win $100. You'd do it all day. Roulette pays a little less than $50 on a $50 bet. These are 2-1 odds! It doesn't make sense to switch?
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no, it doesn't...
there are few possible outcomes:
1) you lose $50
2) you gain $200
3) you gain $100
if you don't switch,
there is no fuckin' way you can lose,
thus GUARANTEED a gain.
I buy CD's which pay me lousy 5% a year for this reason only,
I CAN'T LOSE...
;-))