Betting large quantities at long odds is usually a very bad thing for a trader to do—due to the diminishing utility of money. The occasional big win fails to compensate for all the losses.
It is highly unclear why anyone would think that changes in future circumstances would be likely to make such risk-seeking behaviour any less stupid.
Betting large quantities at long odds is usually a very bad thing for a trader to do—due to the diminishing utility of money. The occasional big win fails to compensate for all the losses.
It is highly unclear why anyone would think that changes in future circumstances would be likely to make such risk-seeking behaviour any less stupid.