(March 24, 2014 at 8:07 am)Jacob(smooth) Wrote: Flawed reasoning because it ignores the "pot odds". One would also have to include the price of the bet and the value of the prize.
A theist would argue that the prize the bookmaker is offering is not even odds (double the value of your bet) but rather an infinite prize. In which case 5% is damn good odds. I'll happily bet £10 quid into a £100 pot with 25‰ odds to win, the pot is laying me odds of 10 to 1!
The problems with Pascals Wager are different. Not least that if God does exist, he probably hates a smartarse.
It wasn't really meant as a direct analogy. It was meant to show that you can end up with the wrong outcome, but the right methodology.
