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Nickname. His nickname "do Bronx," literally meaning "from the Bronx", as "Bronx" was a slang used for favelas and poor neighbourhoods. In an interview he revealed: "Bronx is because it's a favela, right? Outskirts, where I come from. For the fight, the player should bet on Charles to win. If they do, then the player will receive money at the end of the fight, whereas if they don't, the player will not be rewarded with anything, effectively losing money.
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A fair bet is an uncertain prospect whose expected yield is zero. A person is risk averse if he never accepts a fair bet. The intrinsic value of a fair bet is one in which the cost of the bet is identical to the expected after-tax, net cash payoff. For example, if you had a lottery ticket that promised a 7% chance to win $100, a fair bet would be $7.00. If you could buy the bet for significantly less than $7.00, it is a good bet.
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