Flannel Jesus wrote:See page 3 of the conversation where he explains that, to him, 53 50 odds means "I stand to lose 1.06 and I stand to gain 1.06".

I believe he's realized since then that that's not how odds work.

There is no such animal as a 1:1 bet with 53:50 odds.

Say the odds are $1.06 : $1.0

You can bet $2, $5, or $50, whatever you like. If you bet $2 you win $2.12 or lose $2. If you bet $5 you win $5.30 or lose $5. If you bet $50 you win $53 or lose $50.

The bet can be anything you wish, and the odds are what it pays.

So he is claiming the bet is always according to the lower number in the odds, such as 53:50 means a $50 bet and win pays $53?