Rack Your Brain Here. Part Ii!

[Winetalk.com]

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?

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...
;-))