25:1 is not _worse_ odds. He wants me to pay $125,000 if he wins the bet, yet if he loses he gives me $5,000. Surely you can see what that says about the level

25:1 is not _worse_ odds. He wants me to pay $125,000 if he wins the bet, yet if he loses he gives me $5,000. Surely you can see what that says about the level of confidence here. The emperor is clearly not wearing any clothes. There's lame horses that get better odds in races than what is being offered to me if Tether collapses (and even recovers in a few days after that) right now. The peg just needs to collapse for a tiny fraction of the next year for them to win this wager. Why wouldn't anyone take such a guaranteed profit? :) And to be fair I doubt it's the loss of money that scares Patrick, it's the USDT/USD price on May 21st 2023.