### Comment:
The people offering that clearly thought it was a good bet

### REPLY:
It was a good bet for them, but they get to make 1000s of those kind of bets so in the long run it works out for them. You as an individual probably never get to make a substantial bet like that, so even though you take a cut in expected value, you reduce your risk of loss from say 40% to exactly 0. It's why people hedge in the stock market all the time. You hedge against losses you can't afford to take at the cost of a bit of expected value.

### END.