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June 11, 2008

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Selectabet

As usual, a brilliant post Matt.

I'm guilty of leaving my money in betting accounts to 'play' with. You're right though, once it's withdrawn it becomes 'yours' - a key difference.

Scenario 2 is an interesting psychological point about everyone's view on money. It's why retailers price things at £x.99 for example and why we always fall for (sometimes non-existent) promotions - we generally don't value money! Interesting that it also applies to betting/trading - I'd never thought of it like that.

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