Now one could take that as a salesmans tactic to try and extract better odds from Grimburger but at that point the monetary aspect would become the focus and not the wager itself. A wager between two people who are in it for the sport and both sure of their positions should carry 1:1 odds. One could ask for a lower amount or refuse completely on monetary grounds but not request odds in ones favor.
If there are two people offering you a bet:
Person A offers you 5:1 odds in your favor saying that a random dice throw will yield a number small than 3.
Person B offers you 1:1 odds in your favor saying that a random number chosen between 1 and 10 will yield a number bigger than 6.
Thinking about the wager with Person B is independent of the wager with Person A. When deciding which bet to engage in the answer is both because in both cases you should be convinced that your chances of winning are >50%. Refusing the second bet would lower your overall expected winnings.
The emperor is clearly not wearing any clothes.
There's lame horses that get better odds in races than what is being offered to me if Tether collapses (and even recovers in a few days after that) right now.
The peg just needs to collapse for a tiny fraction of the next year for them to win this wager. Why wouldn't anyone take such a guaranteed profit? :)
And to be fair I doubt it's the loss of money that scares Patrick, it's the USDT/USD price on May 21st 2023.
The fact that you don't want to engage in 1:1 odds means you are less sure of your own position than he is. Just sayin' :)