How is it possible that I could lose all my money if I bet on every team? Because I think it's impossible for there not to be at least one winner right.


Aime
You're correct that if at least one team wins the Super Bowl, then betting $10 on that team would result in a profit of $10 times the odds for that team. However, there is still a possibility of losing all your money if none of the teams you bet on win the Super Bowl.
Here's how it can happen:
- All teams lose: If none of the teams you bet on win the Super Bowl, then your total payout would be $0 for all 32 bets. Since you initially bet $10 on each team, your total investment would be $320, resulting in a loss of $320.
- One team ties: If one or more teams tie the game, and the final outcome is a tie, then your bets on those teams would be settled at 0. For example, if the Chiefs tie with the Broncos, your bet on the Chiefs would be worth $0, and your bet on the Broncos would also be worth $0. In this case, your total payout would be $0, and you would lose your entire $320 investment.
- One team has a very low probability of winning: If one team has an extremely low probability of winning the Super Bowl (e.g., the New England Patriots with odds of +10000), and you bet $10 on that team, then your payout would be very low even if they win. For instance, if the Patriots win, your payout would be $10 * 10000 = $100,000, but your initial investment was $10, resulting in a profit of only $9,990 ($100,000 - $10).
To avoid losing all your money, you could consider betting a smaller amount on each team, such as $1 or $2, which would reduce your overall investment and minimize the risk of losing all your money. However, this would also reduce your potential profits if one of the teams you bet on wins the Super Bowl.
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