3 ms·
Not really. There are completely valid reasons to take a bad bet if you have no better alternative. Or, of course, for sport.
by rowanG077 6y ago
Not really. There are completely valid reasons to take a bad bet if you have no better alternative. Or, of course, for sport.
- chii 6y agoIf you take into account personal enjoyment, then yes, house-odd games can be good - after all, it's fun to play 'em. But purely financially, they are a terrible bet. > a bad bet if you have no better alternative. there's always a better alternative. For example, putting the money in a bank account with interest. Or placing it into an index fund.
- jon-wood 6y agoThere isn’t always a better alternative. Almost always, yes, but not absolutely always. Admittedly we’re deep into edge cases here. The only one I can think of is that you have $1,000 today, and need $100,000 by tomorrow. Maybe someone is holding your cat to ransom, and you really love that cat. No one is going to loan you a hundred grand to give to catnappers, so you go to the casino hoping for some really good luck as you put everything on black. Good luck, Mittens.