How much would you bet to win one dollar?
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37 members have voted
Do you bet less money, lowering your potential loss but also lowering your chance to win? Or do you bet a lot of money, making it less likely you'll lose but also IF you lose, then you'll lose a lot? Do you even bet at all? How much would you personally bet? If you had $100k bankroll, how much should you bet?
EDIT: The poll answers are jokes. Don't go trynna debate that stuff.
I remember taking my companion thru the mechanics of a bet. I told her you are betting twenty dollars in order to win ten dollars She was instantly opposed to such an absurd notion but the very next roll was a four and she won, so therefore she became less perturbed.
A lot would depend upon timing but if I had 100 grand as a bankroll i'd go no more than 40 grand.
Quote: RSIf you bet $100, you have a 1-in-100 chance of losing $100 and a 99-in-100 chance to win $1. If you put up $1,000, you have a 1-in-1,000 chance of losing $1,000 and a 999-in-1,000 chance to win $1. And so on. You can bet any amount of money you want.
Do you bet less money, lowering your potential loss but also lowering your chance to win? Or do you bet a lot of money, making it less likely you'll lose but also IF you lose, then you'll lose a lot? Do you even bet at all? How much would you personally bet? If you had $100k bankroll, how much should you bet?
EDIT: The poll answers are jokes. Don't go trynna debate that stuff.
The win is still $1 either way.
I would wager $10 for a 9 out of 10 chance to win that same dollar.
Lot less risk for same reward
Quote: RSIf you bet $100, you have a 1-in-100 chance of losing $100 and a 99-in-100 chance to win $1. If you put up $1,000, you have a 1-in-1,000 chance of losing $1,000 and a 999-in-1,000 chance to win $1. And so on. You can bet any amount of money you want.
Do you bet less money, lowering your potential loss but also lowering your chance to win? Or do you bet a lot of money, making it less likely you'll lose but also IF you lose, then you'll lose a lot? Do you even bet at all? How much would you personally bet? If you had $100k bankroll, how much should you bet?
EDIT: The poll answers are jokes. Don't go trynna debate that stuff.
On the flip side if you bet 1 USD is it 50/50? That would seem the best option.
Quote: darkozQuote: RSIf you bet $100, you have a 1-in-100 chance of losing $100 and a 99-in-100 chance to win $1. If you put up $1,000, you have a 1-in-1,000 chance of losing $1,000 and a 999-in-1,000 chance to win $1. And so on. You can bet any amount of money you want.
Do you bet less money, lowering your potential loss but also lowering your chance to win? Or do you bet a lot of money, making it less likely you'll lose but also IF you lose, then you'll lose a lot? Do you even bet at all? How much would you personally bet? If you had $100k bankroll, how much should you bet?
EDIT: The poll answers are jokes. Don't go trynna debate that stuff.
The win is still $1 either way.
I would wager $10 for a 9 out of 10 chance to win that same dollar.
Lot less risk for same reward
I guess I didn't word it how I wanted to word it. What is the absolute MOST that you would wager on this? You say $10, but would you do $100? What about $10,000 or $100,000?
Quote: GandlerQuote: RSIf you bet $100, you have a 1-in-100 chance of losing $100 and a 99-in-100 chance to win $1. If you put up $1,000, you have a 1-in-1,000 chance of losing $1,000 and a 999-in-1,000 chance to win $1. And so on. You can bet any amount of money you want.
Do you bet less money, lowering your potential loss but also lowering your chance to win? Or do you bet a lot of money, making it less likely you'll lose but also IF you lose, then you'll lose a lot? Do you even bet at all? How much would you personally bet? If you had $100k bankroll, how much should you bet?
EDIT: The poll answers are jokes. Don't go trynna debate that stuff.
On the flip side if you bet 1 USD is it 50/50? That would seem the best option.
No. Betting $1 would be a guaranteed loss. I mean, if you are that opposed to variance and want to play a game without any variance at all, that's not a bad option.
Quote: AyecarumbaHow many times can you bet? Could I risk $1B for 10k rounds? That's less risk and more reward than bonds.
Yeah sure, if you have a billion dollars! And no one’s gonna loan that to you.
