It's more reasonable to assume that they know they will probably lose but are happy to take that chance for 1) the pleasure of playing and 2) the chance of coming out ahead.
They are happy to take the chance even though they will probably lose.
They are not happy to take the chance because they will probably lose.
This exercise is providing everybody with an education.
The sign says to stop.
Food is better in the south and I want to go to New Orleans.
The professor was not abandoned.
They loved England and realized that their proposal may pose grave danger to it.
He's always been interesting in having lawyers help those who need it.