If the Feds insure the losses, then it would be like a Roulette game in which someone just puts their chips on “00”. The odds aren’t good — but if you lose, your buddy pays the Casino, so why not? And if that 35-to-1 shot comes up?? Man, you got money in your pocket!!!!
Sorry clear case guy, the odds for 00 are exactly the same as every other single number bet on the board. The 00 and 0 are the house’s vig.