Hello everyone, I was curious to hear different perspectives from the community. Imagine someone ha

Hello everyone,

I was curious to hear different perspectives from the community. Imagine someone handed you $1,000 purely for gambling, with no strings attached and no expectations. Just free money to play with. How would you approach it?

Would you go all in on one big bet, spread it out over several games, stick to your favorite casino classics, or maybe try something completely new like sports betting or poker tournaments?

I think the answers could be really interesting because everyone has a different risk appetite and strategy when it comes to gambling. I'm looking forward to hearing how you would spend that $1,000 and why.

I think you need a soul check, but in case you have one and for the sake of anyone else wondering, this is called 'getting freerolled' . It's important to do it right

You should make bets on things you perhaps normally do not! This would be the unusual case of unrestricted freerolling, something the casino will not give you ... you can be freerolled, but not without restrictions. The restriction usually amounts to not allowing you to make a bet that isn't 'even money'

I'll keep it short: you should bet on anything that pays better than even money, the higher the payout the better, up to your tolerance for the variance . Thus a single number in roulette is a good choice, with the risk you won't hit. With $1000 surely you can make minimum bets that will assure some hits, or perhaps choose a sector with the minimum if you are really risk averse.

That this approach is best can be shown mathematically but let's see if that is necessary.

The Googlebot does not come up with the right answer

asked, 'Imagine someone handed you $1,000 purely for gambling, with no strings attached.. what casino bet should you make?'

Quote:

AI Overview
This question has no single, definitive answer, as the best bet depends on your goal
. Casino gambling is structured so that the house has an advantage, meaning there is no "smartest" bet that guarantees a win. The following strategies highlight different approaches, ranging from maximizing playtime to chasing a big payout. [etc]

asked, 'what is the best thing to do when given freerolls in gambling'

Quote:

How to Stop Gambling: 10 Tips

Quote:

[does not activate AI but starts with this] Gateway Foundation
https://www.gatewayfoundation.org › blog › how-to-st...
Mar 6, 2023 — In the past, gambling mainly occurred in casinos. Today, it's possible to easily bet and gamble online. While compulsive gambling can be ...
Missing: freerolled ‎| Show results with: freerolled

when asked similar questions, just will not recognize the question properly

the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder

Quote: odiousgambit

I'll keep it short: you should bet on anything that pays better than even money, the higher the payout the better, up to your tolerance for the variance .

Given the no stings attached, I don't think this is necessary.

I'll assume you are on your honor to not just make a $1 bet one time and then pocket the money.

I would look at it like casino freeplay and just find the highest EV low variance game available and make small bets.

I don't think the original question was posed to find out what the best EV is and how you should technically play it, but more so, what games do you like to play best, and how do you like to play them while disregarding the HA.

wow, didn't expect disagreement from Axel . He sounds like the Googlebot.

Quote: AxelWolf

Quote: odiousgambit

I'll keep it short: you should bet on anything that pays better than even money, the higher the payout the better, up to your tolerance for the variance .

Given the no stings attached, I don't think this is necessary.

Well, with freerolling, usually you just don't factor the risk highly. For example, in online sportsgambling, you can get freerolled for losing a bet, and you get the winnings only when you bet it. In this case, you get the winnings and the amount bet back too. Does this make it different? It might if the donor says you can keep the amount bet when you win it.

I'd like to know if someone can say

also, maybe the maybe soul-challenged OP can clarify this part of it.

link to original post

some math

the basic math for the expected value of a bet is: amount to win * chance of winning - amount to lose *chance of losing

how about roll a 12 in craps, $15 at a time

when you don’t keep original bet, win or lose, the second part of the equation is zero, there is no amount to lose

30*15*1/36-0*35/36= $12.50 for each 15 EV [pos]

when you keep the original bet, you lose $15 each time you lose

30*15*1/36-15*35/36= -$2.08 each 15 EV [neg]

somehow I'm not satisfied with the answer 'it's the same as if it was your own money' . Hmmmmmmm