• tacosplease@lemmy.world
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    4 months ago

    How would we enforce the bet?

    Why 20:1 and not 1:1?

    Or even 1:20 if you’re so confident?

    Believe in yourself. Take the 1:20 bet.

    That’ll show me.

    • TropicalDingdong@lemmy.world
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      4 months ago

      20:1 specifically?

      https://www.ssa.gov/oact/STATS/table4c6.html

      That’s just the odds of Biden (or Trump for that matter) keeling over for literally any reason whatsoever based on the social security actuarial table. So if I can get 20:1, I should be break even betting against any octogenarian.

      There is a little bit better than a 1 in 15 chance, that for any 81 year old, they’ll die that year. So I hedged it to 1:20 as insurance, because I figured I’m really only betting on the first 9 months of the year. If I can get 1:20, that’s break even odds (actually slightly in my favor). Also, figure the presidency, campaigning; that shit aint a walk in the park. Probably more likely still to die in office than a standard octogenarian.

      I’ll give you 10:1 if you bet at least 50 bucks. I lose, you make $50; I win, I make $500. Hows that sound?

      Edit: As to how to enforce it, we can make a community and pin it there. ITs similar to what we used to do in a bar I frequented where we would bet pints (very similarly) on whatever was happening. There was a cork-board and bets would get pinned to it. And I trust you.