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hmm

if he return the money the next day that is 3$ you earn nothing as you give him 3$ and he gives that back to you

If he does not give the money back you just get 1$ and that is a loss of 1$

Hence in both ways you do not earn anything so you should not take the bet.

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hmm
if he return the money the next day that is 3$ you earn nothing as you give him 3$ and he gives that back to you

If he does not give the money back you just get 1$ and that is a loss of 1$

Hence in both ways you do not earn anything so you should not take the bet.

If he pays back only $1 or $2 or waits to pay back the sum the following day? Then you break even or come out ahead, when you add the bet.

You shouldn't take the bet, because the person proposing the bet is in control of all the variables. You are more likely to lose money or break even than you are to come out ahead.

Edited by Grayven
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seems like a bad idea to take the bet because...

You loan out $2, but wager only $1. Your "friend" has bet that you're an idiot. If you take the bet you've agreed that if your "friend" doesn't pay back the loan plus an extra dollar, you'll settle for only a dollar.

So... your friend isn't very nice, and if you take the bet you're dumb.

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I bet you $1 that if you lend me $2 today, I will give you back $3 tomorrow.

To me translates into: I bet you $1 I will give you $3 tomorrow. This bet is condition on you giving me $2.

*Tomorrow comes around* Hey, looks like you won the bet, here's 1$. Oh hey, you gave me $2 on a condition of the bet yesterday, that means I still have $1 from you. You win the bet, but you lose $1.

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