> Most of the bets we encounter in the real world are negative EV.
Yeah that's why I don't like betting. It feels not smart, for me especially. But people who make the right bets can make very large otherwise unrealizable gains.
I like betting because I find it fun to quantify probabilities of future events, and having a ~small amount of money at stake keeps me motivated to follow through on whether I was right.
I do think there are positive EV bets to be had on prediction markets though, they are mosty not efficient.
> Most of the bets we encounter in the real world are negative EV.
Yeah that's why I don't like betting. It feels not smart, for me especially. But people who make the right bets can make very large otherwise unrealizable gains.