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Scarborough's the one saying it's a toss-up, so Silver's proposing a bet at Joe's odds. If Joe really believes his own odds, the bet would be fair.
by MaysonL 14y ago
Scarborough's the one saying it's a toss-up, so Silver's proposing a bet at Joe's odds. If Joe really believes his own odds, the bet would be fair.
- btilly 14y agoAny competent gambler knows that a fair bet is not worth taking. See the Kelly criterion if you don't know what I am talking about.
- SkyMarshal 14y agoThat's also the point, Nate is implying Joe is not a competent gambler, or at least not a competent odds-calculator.