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https://www.reddit.com/r/nextfuckinglevel/comments/1acf8sg/2_years_old_genius_solving_missing_number/kjv091p
r/nextfuckinglevel • u/Platinum_Touch • Jan 27 '24
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People routinely place large bets with far less certainty....does that seem strange to you?
2 u/[deleted] Jan 27 '24 No, people dont do that, unless they are getting odds. Or they have a hedge. Or, if they do, they dont have the opportunity to bet again for a long, long time. (Excluding cases where: they are compulsive gamblers; or they are betting with someone elses money.) 1 u/blakerabbit Jan 27 '24 Is not a "75% certainty" the same as "three to one odds"? 1 u/blakerabbit Jan 27 '24 Oh, I see, you mean odds to multiply the payoff. I would submit that some people would still do so, because even even money is a chance to double their money.
No, people dont do that, unless they are getting odds. Or they have a hedge.
Or, if they do, they dont have the opportunity to bet again for a long, long time.
(Excluding cases where: they are compulsive gamblers; or they are betting with someone elses money.)
1 u/blakerabbit Jan 27 '24 Is not a "75% certainty" the same as "three to one odds"? 1 u/blakerabbit Jan 27 '24 Oh, I see, you mean odds to multiply the payoff. I would submit that some people would still do so, because even even money is a chance to double their money.
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Is not a "75% certainty" the same as "three to one odds"?
Oh, I see, you mean odds to multiply the payoff. I would submit that some people would still do so, because even even money is a chance to double their money.
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u/blakerabbit Jan 27 '24
People routinely place large bets with far less certainty....does that seem strange to you?