Re: [vpFREE] Bob Dancer: Equity Question for You

 

Because my money utility function is not totally linear (unlike Bob Dancer's) I would be tempted to play this game for a few dollars. If I hit I would be annuitized (totally!!). The reason I would probably not however is I am pretty sure that if I happened to hit the BFD I would be stiffed and not paid. This casino is clearly angle shooting (Stupak did the same sort of things). I remember the time when Pete Rose had a 40 game hitting streak and some bookie was offering millions to one in odds that Pete Rose would not break Joe DiMaggio's 56 game hitting streak. Mathematically a good bet if the bookie paid off. He could not have paid the bettors had he lost and the suckers that bet on Pete Rose were just throwing their money away.

Sent from my iPhone

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Posted by: nordo123@aol.com
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