If you have 50% of tripling your money and 50% of losing everything that’s still a very good bet.
That’s not necessarily true—you’re ignoring risk.
Consider someone who’s about to retire and has saved enough money for a comfortable retirement. Would you advise him to bet his entire savings in this way?
That’s not necessarily true—you’re ignoring risk.
Consider someone who’s about to retire and has saved enough money for a comfortable retirement. Would you advise him to bet his entire savings in this way?
Nothing I said advocates betting everything on one card. For that matter I don’t even advise anybody to do anything. I’m rather engaging in analysis.