In Case 2, it’s guaranteed free money. I would pay 1 cent less than what I get for winning, which is clearly not what I would do in Case 1.
You’re assuming that you can decide not to play.
In Case 2, it’s guaranteed free money. I would pay 1 cent less than what I get for winning, which is clearly not what I would do in Case 1.
You’re assuming that you can decide not to play.