Fair, although it’s more the size of the bet relative to the individual’s income and resources that is a signal of seriousness. Using raw bet size overestimates the seriousness of people with more income and resources relative to (e.g.,) students, people in developing countries, or people with more modest means.
Why? What advantage does this have over a lower stakes bet of $50:$250?
Small bets allow you to get cheap signaling. Larger amounts force people to be at least a little more serious. FWIW, I offered Remmelt to do more.
Fair, although it’s more the size of the bet relative to the individual’s income and resources that is a signal of seriousness. Using raw bet size overestimates the seriousness of people with more income and resources relative to (e.g.,) students, people in developing countries, or people with more modest means.
Right, I don’t have a high income, and also have things in my personal life to take care of.