why on Earth would I offer any of these bets? They all lose money for me. Am I just a cosmic troll trying to bankrupt some utilitarians or something?
Casino would definitely attempt that, I think.
The game is zero-sum; if you have significantly larger money than the bettor, you may try to bankrupt him and get his money with very high probability, and it is easier to do that against Linda than against Logan.
That only works if they know who their clients are and how to exploit them. If they think the current gambler is Linda but it’s actually Logan, the strategy won’t work. If they think it’s Logan but it’s actually a human who decides that risking a million dollars is silly no matter how much they stand to win, the strategy won’t work.
Even then, this would be the casino running a Martingale, which is not something I’d expect them to do.
Casino would definitely attempt that, I think.
The game is zero-sum; if you have significantly larger money than the bettor, you may try to bankrupt him and get his money with very high probability, and it is easier to do that against Linda than against Logan.
That only works if they know who their clients are and how to exploit them. If they think the current gambler is Linda but it’s actually Logan, the strategy won’t work. If they think it’s Logan but it’s actually a human who decides that risking a million dollars is silly no matter how much they stand to win, the strategy won’t work.
Even then, this would be the casino running a Martingale, which is not something I’d expect them to do.