to not want to bet £3k??

[ByeByeLilSebastian]

Dh has just flounced off because I've said no to putting down a £3k bet that Clinton will win. The chances are she will but I still feel nervy about putting that much money down.

Aibu? He thinks I'm making us miss out on a huge opportunity...

Confuscious say. 'Never bet anything you can't afford to lose'.

Even if you know an altruistic bookie who operates on a non-profit basis, it still doesn't make financial sense to place a bet at fair odds. Each additional pound you have is worth less to you than the one before, so if you placed a double or nothing bet on something where the probability of winning was 50%, the £3000 (say) you might lose is worth more to you than the £3000 you might win.

The money is saved for redecorating so we could afford to lose it, but then we wouldn't be able to redecorate.

In other words you can't afford to lose it.

£750 is a crap return for risking 3 grand. Is your DH always this crap with money?

He can be very impulsive.
I've said a firm no now after reading your replies. It'd be nice to have an extra £750 but I honestly think I'd cry if we lost the £3k over a daft bet.
Never thought I'd be wishing Trump to win but I'd love to prove him wrong

Seconding whoever said up there remember the referendum.

It's just not worth the risk. (I say that as someone who worked in a bookies for years)

Good god, no. £3000, what the hell is he thinking? You may not know what you're talking about when it comes to betting OP but it sounds like your DH doesn't either.

It's definitely not a given that's she's going to win.

As pp said, referendum and the way Trump keeps going on about Brexit, he seem to think that type of thinking is what's going to sways it for him.

What information does he have that everybody else doesn't?

I could understand £3k on Trump in that you could win a decent chunk, but £3k on Hillary puts a large sum at risk for minimal reward.

Absolutely not.

I would be watching him very closely.

DSis nearly lost her home because her DH was a gambler. 5 years later he is still attending Gamblers Anon.

only bet what you can afford to lose and, ideally, bet against what you want to happen. that way if the result isn't what you want at least you get some money out of it.

I had a passing notion to bet on Leave in June because of the way things were looking. I wish I had...

Yes 1/4 not 4/1, in fact looking at the odds it's coming in to 1/5

Crap odds, I used to work in a bookmakers! Personally I wouldn't bother for £750 (plus your stake obviously), the odds were probably similar for the UK referendum and look how that turned out! Never bet more than you're happy to lose is the golden rule

Imagine a morning where you find out you lost £3k AND Trump is president. I would rather take 16/1 on Trump and have a cheer me up if it goes tits up.

and to the poster who asked - 1/4 means she is a dead cert to win according to the bookmakers. But nothing is ever a certainty!

I agree, I'd have a much smaller bet on Trump. But then 7/2 isn't great value either.

I've seen several of these. All pay out in "free bets" not cash. Sounds perfect for getting you hooked..

I agree with PPs who mentioned Brexit! I can't say I'm 'hoping' Clinton will win, but the alternative is grim. I've got a feeling it could turn into one of those 'too close to call' scenarios (shudder)

The golden rule of betting is you never bet more than you feel comfortable losing.
Place a smaller bet if you want.

He sounds like an inveterate gambler.
rather you than me...

I have a friend who would gamble £3000 to make £750, but he is a professional gambler, can afford to lose it and knows exactly what he is doing when he places the sorts of bets that would make most of us pass out

I put £20 on Brexit and won just over £100. I was really hoping we'd stay, so placed the bet thinking it would be some consolation in the event of a Brexit vote. It wasn't, not remotely. As someone said above, President Trump + £3000 lost would be horrendous to wake up to.

It says max bet £10 and enhanced winning paid as free bets so you wouldn't even get the money. I used to work in the gambling industry, it would be rare that they would take such a large bet on a political or novelty market

Make sure he doesn't do it behind your back OP!!

The paddy power offer is £10 max with £10 returned if Trump wins, £12 cash and £38 of vouchers (valid for 7 days) if Hilary wins
Bet £3k and get £600 for the win, lose £3k on Trump win.
I wouldn't, but you will not get a more certain win this century.

Oogle and BarbaraofSeville seem to have nailed it:

On the link posted by Oogle, they are offering 4/1, but on a maximum bet of £10 as a new customer offer. And I think you can't keep your winnings, only rebet them.

Tell him this, and let him bet his £10

I bet on a semi-professional basis and there is no way I would make that bet :p

I'm not worried he'll do it anyway or have it become a habit. He's the type who likes to gamble once a year on the grand national. I'd be v shocked if he did it behind my back.

Thanks for your responses though, you've reassured me I wasn't wrong for saying no.

I bet your DH is glad you put your foot down now, OP!