> Secondly I think betting about facts is an incredibly foolish thing to do in general. If anyone offers you a bet about some fact, you are the sucker and you j

> Secondly I think betting about facts is an incredibly foolish thing to do in general. If anyone offers you a bet about some fact, you are the sucker and you just haven't figured out how yet. Your best move is not to play. Well, that sure sounds like a claim about how confident one should be about their understanding of reality. One most people disagree with, incidentally - do you own any equities? Counterparty risk is a valid reason to avoid certain bets (or bet structures), but a totally separate objection from "betting is a weird thing that only weirdos do".