I estimated the odds, I did not say I would take a bet. There is a large difference.
I don’t think there should be a difference. In practice the friction of actually making the bet is generally too high to bother, but in principle if you’re giving odds you should be willing to make a small bet at (slightly better than) those odds.
I don’t think there should be a difference. In practice the friction of actually making the bet is generally too high to bother, but in principle if you’re giving odds you should be willing to make a small bet at (slightly better than) those odds.