Thread Rating:

Poll

1 vote (2.7%)
3 votes (8.1%)
6 votes (16.21%)
12 votes (32.43%)
5 votes (13.51%)
5 votes (13.51%)
5 votes (13.51%)
8 votes (21.62%)
5 votes (13.51%)
7 votes (18.91%)

37 members have voted

RS
RS
Joined: Feb 11, 2014
  • Threads: 62
  • Posts: 8574
August 14th, 2019 at 11:43:36 AM permalink
If 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.
# Свободный Натан
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
  • Threads: 1231
  • Posts: 20413
August 14th, 2019 at 11:46:39 AM permalink
Okay, I'll file this under jokes, but if anyone responds with arguments about bringing back banned members, I will probably issue a suspension for trolling.
It's not whether you win or lose; it's whether or not you had a good bet.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
  • Threads: 262
  • Posts: 13900
August 14th, 2019 at 11:55:10 AM permalink
Bridge jumper bet?

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.
darkoz
darkoz
Joined: Dec 22, 2009
  • Threads: 214
  • Posts: 5494
August 14th, 2019 at 3:08:17 PM permalink
Quote: RS

If 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
For Whom the bus tolls; The bus tolls for thee
Gandler
Gandler
Joined: Jan 27, 2014
  • Threads: 29
  • Posts: 1270
August 14th, 2019 at 3:21:51 PM permalink
Quote: RS

If 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.
"Whatever is my right as a man is also the right of another; and it becomes my duty to guarantee as well as to possess.” -Thomas Paine
michael99000
michael99000
Joined: Jul 10, 2010
  • Threads: 9
  • Posts: 1617
August 14th, 2019 at 3:23:36 PM permalink
No support for MickeyCrimm
RS
RS
Joined: Feb 11, 2014
  • Threads: 62
  • Posts: 8574
August 14th, 2019 at 3:34:54 PM permalink
Quote: darkoz

Quote: RS

If 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: Gandler

Quote: RS

If 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.
# Свободный Натан
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
  • Threads: 231
  • Posts: 6512
August 15th, 2019 at 1:36:54 AM permalink
How many times can you bet? Could I risk $1B for 10k rounds? That's less risk and more reward than bonds.
Simplicity is the ultimate sophistication - Leonardo da Vinci
RS
RS
Joined: Feb 11, 2014
  • Threads: 62
  • Posts: 8574
August 15th, 2019 at 7:28:55 AM permalink
Quote: Ayecarumba

How 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.
# Свободный Натан
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 10
  • Posts: 446
August 15th, 2019 at 8:00:28 AM permalink
I voted to outcast four members 😆, how did that work? Multiple votes cast simultaneously were accepted?
Last edited by: MDawg on Aug 15, 2019

  • Jump to: