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A sucker bet is a gambling wager in which the expected return does not reflect the odds of winning, and is significantly lower. For example, the chances of correctly guessing the order of the final three cards in a game of Faro is usually 1 in 6, yet the bet only pays 4:1 or 5:1. The complexity of the game can disguise the nature of the odds ...
On March 14, 2000, The Wall Street Journal published an opinion piece by Siegel titled: "Big-Cap Tech Stocks Are a Sucker Bet". The piece issued warnings against investing in some of the hottest technology stocks during the dot com bubble. [8]
Sucker bet; T. Teaser (gambling) Tote betting; V. Vigorish; Y. You Bet! This page was last edited on 26 May 2020, at 20:17 (UTC). Text is available under the ...
But first, you need to understand the background of why so many people think options are a sucker's bet. The dark side of options Right now, options have two things going against them. First ...
Nowhere near ‘sucker’s bet’ territory. Siegel noted Wednesday that the S&P 500 traded at over 30 times earnings in March of 2000, and large-cap tech stocks were selling at double those ...
Sucker bet This page was last edited on 15 June 2023, at 20:25 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License ...
Early uses of the phrase refer to it as a catchphrase among gamblers. In an 1879 discussion of gambling in Chicago, an "old-timer" is quoted as saying, "[G]oodness knows how they live, it's mighty hard times with the most of them; in the season they make a bit on base ball, or on the races, and then, you know, 'there's a sucker born every minute', and rigid city legislation drives the hard-up ...
The word "keno" has French or Latin roots (Fr. quine "five winning numbers", L. quini "five each"), but by all accounts the game originated in China. Legend has it that Zhang Liang invented the game during the Chu-Han Contention to raise money to defend an ancient city, and its widespread popularity later helped raise funds to build the Great Wall of China.