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He's willing to put up three hundred thousand dollars to bet
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on the Yankees.
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So if the Yankees win he gets two hundred thousand,
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but if the Yankees lose he loses three hundred thousand.
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So 3:2 odds he's willing to bet on the Yankees winning the series.
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Well, you say, "This guy's sort of a sucker here.
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I can take big advantage of him.
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On the other hand it's a lot of money, two hundred thousand I
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might lose if I have to pay off and the Yankees win.
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So even though I think that my expected profit is positive,
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because he's putting up three hundred thousand to make only
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two hundred when they're even odds,