Largest or Smallest?

Detective Sing was sitting and eating dinner with his friend, John. John was excited because, on the way into the room, he had seen a man offering to double the amount of money he was given by any person, provided they could answer one question correctly. “All he wants to know, Dan,” said John, “is which of these two statements is incorrect: Australia is the biggest island or Australia is the smallest continent. If I can tell him which statement is incorrect, he’ll double my money!”
“Save your money,” said Detective Sing, “There’s no way you can win that bet.”
Why not?

Answer
Australia is considered both the largest island and the smallest continent. Neither statement is incorrect, which means that the con artist will never be required to pay back the money.

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