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Regarding the first part of your reply, I didn't say the opposite. So, I don't know why you said am wrong! As long as the chances of winning are not 100% then there is a possibility to lose and anyone can be that unfortunate guy.
Sadly, I view it as the opposite and I've checked again through my direct reply to your post that I quoted to ascertain the same view as I perceived it the last time. But it's nothing, we can move past that.
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Regarding the second part, it's true that $1M is a huge amount of money but it's still his money and he is free to do whatever he wants with it. I don't think we have the right to juggle him.
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I never said it's not his money and I know that anyone can do whatever they like with their money, but let us be reasonable about it. Regardless, the content is all about refuting a point that the person wagering as high as $1.4m may not do any research, who does that? No one would ever want to throw such a huge money away like that even if he is a billionaire.