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How to make money off people who claim the dice are rigged

Posted By: mamabear
Date: Saturday, 17 October 2015, at 11:16 p.m.

In Response To: How to make money off people who claim the dice are rigged (Timothy Chow)

If they are "wildly irrational", why have them get back as much as $3500 on a $100 insurance bet against a 66 (or some other double)? I'm referring to what you suggested in your lead post.

Make it much lower, say just $2000, and you will probably get almost as many takers. If they are 100% sure the dice are rigged, that would still look to be a good equity play to their fun-house-mirror point of view.

If they believe The System will then adjust the odds because they bought insurance, they will still do it if they can get some equity-chasers to hedge with them. Please don't all the wolves here charge at once!

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