I was thinking about how economists like to compare the value of money "now vs. then:, and it occurred to me that the $2 minumum wps wager has been the norm since day 1, pratically.
How would the world react if the minimum was raised?
Check this out: http://www.measuringworth.com/calculato ... result.php
The link will show that $2 in 1938 would be worth at least $25 today.
Now, I'm not suggesting that the minimum wager should be $25, but what if it were, say, $5? Would the industry collapse quicker than it is now? Could take-out be lowered? How would the odds board look? I ask these questions because the more mathematical of our posters are better equipped to answer this (and more).