If he wins the bet, he gets a million dollars. If he loses the bet he gets a 21-year interest-free million dollar loan. Taking investment into account, the other party gives him several million dollars either way, and it doesn’t really matter if he wins or loses the bet.
If he wins the bet, he gets a million dollars. If he loses the bet he gets a 21-year interest-free million dollar loan. Taking investment into account, the other party gives him several million dollars either way, and it doesn’t really matter if he wins or loses the bet.