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Jackson6612 Posted 16 years ago
Grammar

Because the payout is big on the winners

lump (noun)

5 b : defear, loss <can cheerfully take his lumps on losers, because the payout is big on the winners - Martin Mayer>
[M-W's Col. Dic.]

payout: profit, material gain. I believe there's a bit of irony in the above sentence but I still couldn't understand it. Please help me.
  

Top answer

Hi, <can cheerfully take his lumps on losers, because the payout is big on the winners The context is an event in which there are winners and losers. eg an afternoon at the horse-racing track. Sometimes I bet on horses that lose.

— Clive

  • Hi, <can cheerfully take his lumps on losers, because the payout is big on the winners The context is an event in which there are winners and losers.
  • eg an afternoon at the horse-racing track.
  • Sometimes I bet on horses that lose.
  • I take my lumps on those.
  • Sometimes I bet on winners.
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3 Answers
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Hi,

<can cheerfully take his lumps on losers, because the payout is big on the winners

The context is an event in which there are winners and losers. eg an afternoon at the horse-racing track.



Sometimes I bet on horses that lose. I take my lumps on those.



Sometimes I bet on winners. The money I win for my bet (the payout) is big (i
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Thanks but I still don't get it.

Why would one cheerfully take the losses? It seems to suggest something like you're happy with the losers and losses incurred because...

I see what you were saying. Perhaps, it means that the losses are quite small as compared to payout for the winners. So, it is wise to take your losses happily because there are chances that you can win a lot of
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