Call losing bets?

[DarkMagus]

[ QUOTE ]
Ok, I guess I'm just looking at it differently.

How about this scenario:
There is a party in Las Vegas that will pay 1 in 10 people $1000. Cost to go is $90.

You figure this is +EV so you decide to go.

When you get there, you realize you forgot your ticket. For $50 they can re-issue your ticket (you can not get your $90 back).

Should you pay the $50 or just leave?


[/ QUOTE ]

The $90 is a complete loss. Since you cannot get it back, no matter what happened, it's no longer relevant. So now we have a new situation where we're being offered 20-1 odds on something that's a 9-1 shot. Easy call.