One way to look at this story of a $1 million (yes, $1,000,000) win on a $5 bet is that that’s a great game to be playing! How cool is that? The correct way to be looking at it is that it’s a terrible bet, a right stinker.
What matters is not the amount that can be won on a single bet. It’s the combination of how likely is it that the bet is won alongside how much you win if it does.…
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