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He might have made this bet because he could afford to lose that amount. Each and every bet involves a certain amount of risk. And the greater the risk, that much greater will be the potential returns.~
If that's the case, then he might be a very wealthy man. $5M is no joke. It's a huge amount of money even without converting it to my country's currency. I really do hope that he can afford to lose such amount 'cause from what I've heard, Biden has already won the election. Goodbye $5M.