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I’ll bet you $100

100
If someone says to you, “I’ll bet you $100 that if you give me $200, I will give you $300 in return”, would this be a good bet for you to accept?

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3 guesses to I’ll bet you $100

  • Crabman

    No. It’s never a good idea to take a bet when someone asks a strange “I’ll bet you…”.

    In this case even if he gives you the $300 have gained nothing, because you give him $100 for losing and left with your original $200. However what will happen is you give him $200, he keeps it losing the bet. IF he pays you $100 you are down $100

    So either you are even, down $100. Similar odds as Vegas.

  • Crabman you are today’s winner! Excellent answer.
    No. This is a situation where you lose even if you win. Assuming the other person is being wise, they would take your $200 and say, “I lose”, and give you $100 in return. You win the bet, but you’re out $100.

  • dano

    ok to accept that bet if you’re big enough to demand the whole $300 dollars from the someone – to begin with?