On: Ask HN: Who's making money during the election madness?

[jinfiesto]

Wtf? Why would anyone not take this bet? Even if you didn't think Trump was going to win (I didn't) this is obviously absurd EV.

[wtfishackernews → jinfiesto]

Because $1000 is a lot of money for some people

[phyalow → wtfishackernews]

No its I give you ten dollars, if trump wins you give me ten thousand dollars, else you keep my ten.

[wtfishackernews → phyalow]

I was under the impression that it had to be $1000, but it doesn't matter anyway. If you bet $10 on everything that seems highly unlikely but may pay out a lot, you will end up losing money very quickly.

[phyalow → wtfishackernews]

Why do you say that? its called selling risk premium... I don't see many insurance underwriters blowing up!