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Holy Boulder Roller

If I cannot move heaven, I will raise hell. - Virgil Life ain’t fair, and God is cruel, but at least She ain’t The Man. - Sturgil

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This is different. In the OP, you’re giving up $50k for a 50/50 shot at $1M. Half the time you give up a guaranteed $50k and end up with $0. In this scenario, you’re giving up $50k for a 100% chance at $950k. In this scenario, you’d have to take on risk to preserve the $50k. Not the same.

Quantian

You receive an inheritance of $1 million from a grandparent. A stranger claims to be a long-lost relative and contests the will, but offers to settle for $950k. Your lawyer tells you their claim is weak and you have a 50% chance of winning in court. Do you take the settlement or defend yourself?

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