Have you ever betted (or been tempted to bet) a large amount on something with really short odds?
Example: Bet365 were offering 1/33* on England to beat the West Indies today. A bet of £3,300 would give a nice £100 return, and the chances of it going wrong are pretty slim. However, losing £3,300 would be pretty devastating.
Save for the odd raffle ticket, I don’t ever gamble. (I’ve never even bought a lottery ticket). Really, I was just wondering if many people end up getting baited by short odds on near-certain outcomes.