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Thread: Gambling Phrase: "$5.00 will get you $10.00 if she is late again for work."

  1. #11
    Elite Member mmm4444bot's Avatar
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    Maybe the concept of a net gain or loss is the stumbling block. One person ends up with a net loss of $5, and the other person ends up with a net gain of $5.

    Nobody loses $10 or gains $10.

    Forget Denis' explanation (for the moment) and focus on tkhunny's. Each person wagers $5.

    One person loses their $5 wager. The other person gets their $5 wager back plus they also get the loser's $5 wager (i.e., their net gain is $5).
    "English is the most ambiguous language in the world." ~ Yours Truly, 1969

  2. #12
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    Quote Originally Posted by KWF View Post
    Thanks for the reply and explanation: This is how I understand the bet. If I win, I get the $10.00 from the other person making the bet. He loses $10.00 If I lose, I give the person making the bet $5.00. I only lose $5.00.
    Still no. He risked only $5. $5 of the $10 winnings came from you. Your scenario expresses even greater confidence in winning the bet. He offers to risk $10 to entice you to risk $5. In your last case...

    1) You put $5 on the table.
    2) He puts $10 on the table.
    3) Winner takes the $15 (You can take $10 from him, but he can take only $5 from you.)

    If HE makes the terms, it is phrased "5 will get you 15" In other words, he wagers twice as much as you, based on his strong confidence.
    If YOU make the terms, it is phrased "10 will get you 15" In other words, you wager half as much as him, based on your weak confidence.
    This is not an even bet.

    In your original example, both participants would have said, "5 will get you 10". This is an even bet.
    "Unique Answers Don't Care How You Find Them." - Many may have said it, but I hear it most from me.

  3. #13
    Elite Member mmm4444bot's Avatar
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    Again, "five will get you ten that " can also be an informal way of expressing confidence, without actually betting. It's like saying:

    "I think it's very likely that "

    "It's highly probably that "

    "Chances are strong that "

    "It's a sure thing that "

    ALWAYS BET RESPONSIBLY
    "English is the most ambiguous language in the world." ~ Yours Truly, 1969

  4. #14
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    Agreed.

    ...or "I'm willing to state, with some confidence, that ____________ will happen. Are you willing to state the complimentary outcome with equal confidence?"

    On the other hand, if you state this in its figurative sense, and then money comes out on the table, what will you do? 5 will get you 10 that there is a literalist in the group.

    Also, if you're in a group when you make such an announcement, it is possible that each member of the group will take the action. Better to specify EXACTLY to whom the non-figurative wager is extended.
    Last edited by tkhunny; 11-21-2017 at 09:08 AM.
    "Unique Answers Don't Care How You Find Them." - Many may have said it, but I hear it most from me.

  5. #15
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    Quote Originally Posted by tkhunny View Post
    "five..." - You wager $5. It is gone. It is the price of playing the game.
    "...will get you $10" - $10 comes your way if you win.

    There is nothing here about $15.00.

    "I won $5.00 in the lottery!!" No, you didn't. You paid $2.00 for that ticket. You "won" only $3.00.

    "I won $112.75 from the slot machine!" No, you didn't. You pumped in $140.25 worth of quarters and dollars. You actually "won" a NEGATIVE $27.50. We like to call this a "loss".

    There is no "keeping" of your wager. Your up-front expense is part of the deal. If you get to take back your wager, then you didn't play the game and you don't "win" anything. Gambling is subversive. It wins. You don't. I once went through Las Vegas. I was young. I wanted know what this gambling thing was all about. I asked an employee, "Where's a good machine?" She laughed, "There are no good machines! Why do you think we keep adding on?" I pumped in my 75 budget, thought, "That was stupid," and went on with my life. Of course, if that's really how you want to spend your entertainment budget, that's up to you. This isn't really a morality speech. It's a hint that if you think gambling has ANYTHING to do with being FAIR, then you have not thought about it correctly. The odds are ALWAYS in favor of the "House". Always. There may be an up-front fire sale to make you start thinking you can win. Don't believe it. Funny thing is, those who do defeat the house once in a while are usually cheaters and they are thrown out immediately. But, I speak of institutional gambling. Your little $5.00 wager is based on an opinion, not an actual calculation of odds. Still, you don't EVER get to keep your wager.

    I want to thank you for the reply, but to me what you have explained is no difference than a regular $5.00 bet. If I bet $5.00 that some occurrence or situation will occur as I think, I get the $5.00 in return from the other person. I do not pay $5.00 upfront. In your explanation for $5.00 will get you $10.00, I pay $5.00 upfront, and if I win I get the $5.00 back plus another $5.00 from the person losing the bet. I actually did not win $10.00 only $5.00.

  6. #16
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    That is right. Gambling is deceptive. One might speak of the wager as "get you ten", when, as you noticed, you get only five. It is a deception that entices you to participate. Simple as that.


    "5 will get you 10 if _________" might also be phrased "5 will get you 0 if not __________". Of course,the house doesn't like to emphasize the second equivalent expression. It is deception.
    Last edited by tkhunny; 11-21-2017 at 09:50 AM.
    "Unique Answers Don't Care How You Find Them." - Many may have said it, but I hear it most from me.

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