I just bet $300 on a 50/50 chance for a 10 to 1 payout. Good bet?

[Still]

I walked up to the booth and slipped $300 under the plate glass to the lady on the other side. 

What race track was this?

This was not a race track.  It was Small Claims court.   

I am appealing a case to Superior Court with $5000 at stake.

There's a 50/50 chance the Superior Court will rule in my favor. 

I wish i could make this kind of be every day of the year. 

I am only questioning my sanity because the $300 represents my entire bankroll.

I don't know where my next $100 bankroll is coming from. 

Plus, even if i get the "award", i still have to collect.

However, the odds of collecting get better with an "award". 

Plus, there's 100% per year interest attached to unpaid balances due.

$5000 is the unpaid balance...due 5 years ago.

Should i win, and need to ask for "liquidated damages"  as spelled out by the contract, the pay-out in question could significantly escalate. 

Altogether, i've put about $400 into the process.  $300 are all the fees needed to appeal. 

There are probably better bets to be found in this forum. 

But this is one i took recently as a matter of principle, and statute of limitations was running out. 

Good bet?