3 ms·
A smart gambler might not care about the payout. For instance, if I have a business that partially depends on election of a candidate I may bet against them wi
by beaeglebeachedd 2y ago
A smart gambler might not care about the payout. For instance, if I have a business that partially depends on election of a candidate I may bet against them winning so i recoup my investment if they lose.
- scott_w 2y agoThat’s using gambling to hedge your business position, not insuring your business against the potential loss. The bet is only tangentially related your business. If your candidate wins but the revenue you thought you’d get doesn’t materialise, you’d probably wish you’d won your bet instead.