Redditors argue over whether a gambler lost 7k vs 19k on the Viking-Saints game

When you bet on a game, you bet (say $5000), and if you win you get $10000, with a loss at $0.

So let's say you win. You get to keep the amount you bet, plus the amount you won, for a total of amount of money that you have now of $15000. Many would call that winning $15000, even though part of it is money you get to keep, because if you'd lost you don't get to keep anything.

So, the first argument is over how much the guy "lost" here. Did he lose the amount of profit he would have gotten ($10000 in our example), or just the amount he actually put up in the first place ($5,000), because he never had the other money.

Or does he lose the combined total ($15000)?

It's interesting psychological stuff.

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