Would your rather? (gambling scenario)
Poll
 | 5 votes (38.46%) | ||
| | 6 votes (46.15%) | ||
| | 2 votes (15.38%) | ||
| | 3 votes (23.07%) |
13 members have voted
May 1st, 2014 at 10:25:54 AM
permalink
You have the option of placing a single bet of exactly $5,000 in roulette (single zero). If you loose half the stake is refunded.
Your options are restricted to the following:
Even money bet
Single number bet
Do nothing
edit: aw rats i made it a multiple selection poll (only vote once please)
Your options are restricted to the following:
Even money bet
Single number bet
Do nothing
edit: aw rats i made it a multiple selection poll (only vote once please)
May 1st, 2014 at 10:39:48 AM
permalink
Single number bet since losing costs you $2500 no matter which choice you make
May 1st, 2014 at 11:03:00 AM
permalink
Even money bet : If I lose I get to make another 2500 even money bet.
Single number bet : If I lose its all gone in one spin, If I win its a whopping 35 times 5 which is 175,000 dollars.
Do nothing : My only option if the five grand has to be my money.
Single number bet : If I lose its all gone in one spin, If I win its a whopping 35 times 5 which is 175,000 dollars.
Do nothing : My only option if the five grand has to be my money.
May 1st, 2014 at 11:28:22 AM
permalink
One number, EV = 7297.30, 97.3% chance you wind up with 2500, 2.7% chance you hit big time for 180000
Even money, EV = 6148.65, 48.6% chance you get 10000, 51.4% chance you get 2500
Don't bet, EV = 5000, and that's what you get
If you won't miss the money, go for the single number.
If take even money in BJ, go with even money here. Why change?
If you won't make the mortgage with a 2500 loss, keep the money in your pocket.
Edit: Added second two recommendations.
Even money, EV = 6148.65, 48.6% chance you get 10000, 51.4% chance you get 2500
Don't bet, EV = 5000, and that's what you get
If you won't miss the money, go for the single number.
If take even money in BJ, go with even money here. Why change?
If you won't make the mortgage with a 2500 loss, keep the money in your pocket.
Edit: Added second two recommendations.
“You don’t bring a bone saw to a negotiation.” - Robert Jordan, former U.S. ambassador to Saudi Arabia
May 1st, 2014 at 11:36:24 AM
permalink
Of course! Could not possibly lose twice in a row on an even money bet. And the best part is you have a 26.4% chance to lose it all.Quote: FleaStiffEven money bet : If I lose I get to make another 2500 even money bet.
Edit: Pointed out the chance of busting.
“You don’t bring a bone saw to a negotiation.” - Robert Jordan, former U.S. ambassador to Saudi Arabia
May 1st, 2014 at 2:42:49 PM
permalink
Even money bet: 22.97% player advantage.
Single number bet: 45.95% player advantage.
Yum yum.
Single number bet: 45.95% player advantage.
Yum yum.
Casinos are not your friends, they want your money. But so does Disneyland.
And there is no chance in hell that you will go to Disneyland and come back with more money than you went with.
- AxelWolf and Mickeycrimm
May 1st, 2014 at 3:58:07 PM
permalink
Bet it on one number straight up. Any other answer is wrong.
May 1st, 2014 at 4:05:35 PM
permalink
Is this a real promotion?Quote: chrisrYou have the option of placing a single bet of exactly $5,000 in roulette (single zero). If you loose half the stake is refunded.
Your options are restricted to the following:
Even money bet
Single number bet
Do nothing
edit: aw rats i made it a multiple selection poll (only vote once please)
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
May 2nd, 2014 at 8:36:02 AM
permalink
Quote: AxelWolfIs this a real promotion?
nah, i wish.
Obviously the single number bet is the most advantageous. But it carries more risk since 97% of the time you lose $2500.
I think in general people are more risk adverse than they are here and would not bet anything. But on this forum I was expecting everyone to take option 1 or 2.
May 2nd, 2014 at 9:24:03 AM
permalink
Quote: BleedingChipsSlowlyOf course! Could not possibly lose twice in a row on an even money bet. And the best part is you have a 26.4% chance to lose it all. Edit: Pointed out the chance of busting.
Of course it is possible to lose two bets in a row, but at least I've got Double the action going. Why trek to Vegas to make one bet and walk away from it when you can make two bets and walk away? Heck, in that extra time the Tray Lizard might finally show up with my watered down drink.
Now you can say its mathematically better to do the ONE bet, but after an eight hour flight, I sure want that watered down drink and extra spin of the wheel.
May 2nd, 2014 at 11:01:43 AM
permalink
Forget the betting and that $2500 will get you all the real drinks you can suck down, a fine meal, a hotel room and a "date."Quote: FleaStiffQuote: BleedingChipsSlowlyOf course! Could not possibly lose twice in a row on an even money bet. And the best part is you have a 26.4% chance to lose it all. Edit: Pointed out the chance of busting.
Of course it is possible to lose two bets in a row, but at least I've got Double the action going. Why trek to Vegas to make one bet and walk away from it when you can make two bets and walk away? Heck, in that extra time the Tray Lizard might finally show up with my watered down drink.
Now you can say its mathematically better to do the ONE bet, but after an eight hour flight, I sure want that watered down drink and extra spin of the wheel.
“You don’t bring a bone saw to a negotiation.” - Robert Jordan, former U.S. ambassador to Saudi Arabia
May 2nd, 2014 at 11:45:18 AM
permalink
True, but if I win the bet, I can still get the booze, the meal, the room ... and a younger "date" to rob me of my chips in the middle of the night. The only "date" worth anything in Vegas is some sort of fruit from the Levant... I think its a dried fig or something. I've not even seen them in grocery stores in years.Quote: BleedingChipsSlowly]Forget the betting and that $2500 will get you all the real drinks you can suck down, a fine meal, a hotel room and a "date."
