Incidentally, from a risk-averse perspective, you would surely take the even money. A certain 100% is surely more attractive than a risky 100.48%. If I offered to give you $10,000 free and clear, for certain, or $10,048 if you drew a red ball out of a hat that had two reds and one black in it, you'd be out of your mind not to accept the certain 10 grand.
Don
Don