Are you willing to bet $50 spin for a chance to win $42 million?

Lucasgabd

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Quote from: moneystery on January 13, 2024, 11:37:17 AM

it depends on the individual's ability, if they feel that they can afford to lose 50 usd on one spin, maybe they will immediately play even though the possibility is very slim. however, for those who are still limited and think that 50 usd is still too much for them, like me who still thinks that money is still too much, maybe we will think twice about playing on this spinner because the chances are very slim. and especially with that 50 usd we can use it for something more useful like buying our children's needs or food for a few days.

the thing is if you're going for the big pot you won't play once you'll play at least 5 or 10 times so we may be talking about 500 usd which is quite different
way more money than only 50 usd

still best to consider all the money played as lost since it's really hard to win these games.

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Quote from: GxSTxV on January 13, 2024, 11:58:43 AM

Isn't gambling all about that? This player had a great luck to win that amount of money in exchange of only 50$ which is very little compared to what he won. Personally, I would have done the same thing if I got the same chance he had. However, in these cases the chances are very low but the prize is very tempting.
If we talk about the amounts of money we spend on gambling, slots, sport betting and other games... we are risking way more money without noticing it. I had many good winnings while gambling and I don't regret taking the risks of what I'm doing every time I bet either winning or losing still we should be responsible of what we are doing and spending this money we can afford losing.

In the other side, some people consider 50$ as a big some of money to spend in gambling in one hit, knowing that the risks of losing it are very high. So I think it depends on how much you are willing to spend and afford. Never gamble what you can't afford losing

A bet like that is not much of a problem as long as it is not a bet that you make regularly, after all even if 50 dollars may not seem like a lot of money, if you began to make several bets like that then the money you will lose will grow significantly, still the story on the OP is a nice example of what gambling is about, as there is probably no other activity on the world which can give you 42 millions by just risking 50 dollars on a single spin.

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Quote from: STT on January 13, 2024, 06:11:37 PM

Consider the figures for a second, $50 of lottery tickets would deliver a possible excess of 42m quite easily. If we consider the statistically probability of each risk to value gainable in the bet you have your decision whether its worth the spin in this case. So far as I know lotteries arent particularly good value bets, its just considered a safe slow but possible big win kind of bet to involve a general population in. Live betting is considered more of an involved risky bet but its possible the odds are nicer and so the OP proposition is actually superior value.

For the I've bets the odds are nice as a result the winning amount can be better than the bet of lotty or spin and at the same time it is true that the odds of the bet is the chance of being lower too. Higher risk higher returns/loss.

STT

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Consider the figures for a second, $50 of lottery tickets would deliver a possible excess of 42m quite easily. If we consider the statistically probability of each risk to value gainable in the bet you have your decision whether its worth the spin in this case. So far as I know lotteries arent particularly good value bets, its just considered a safe slow but possible big win kind of bet to involve a general population in. Live betting is considered more of an involved risky bet but its possible the odds are nicer and so the OP proposition is actually superior value.

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Quote from: moneystery on January 13, 2024, 11:37:17 AM

it depends on the individual's ability, if they feel that they can afford to lose 50 usd on one spin, maybe they will immediately play even though the possibility is very slim. however, for those who are still limited and think that 50 usd is still too much for them, like me who still thinks that money is still too much, maybe we will think twice about playing on this spinner because the chances are very slim. and especially with that 50 usd we can use it for something more useful like buying our children's needs or food for a few days.

That's true because maybe if someone can only afford to allocate $30 for one game, he won't want to use $50 just to gamble. That will make him use more money, and that can happen many times if he can't control himself because, in gambling, there are moments when a gambler will not always be able to resist the temptation not to continue gambling, especially when he feels that winning is almost close. Even though he knows it's wrong, he might try anyway and think it's just this one time, so it's okay if he exceeds his limits once in a while. Maybe we have experienced something like that before so we use more money than usual. But if he is used to using $50 to gamble once, he will definitely keep trying to get the jackpot prize and will continue to try to get the jackpot prize on other days.

GxSTxV

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Isn't gambling all about that? This player had a great luck to win that amount of money in exchange of only 50$ which is very little compared to what he won. Personally, I would have done the same thing if I got the same chance he had. However, in these cases the chances are very low but the prize is very tempting.
If we talk about the amounts of money we spend on gambling, slots, sport betting and other games... we are risking way more money without noticing it. I had many good winnings while gambling and I don't regret taking the risks of what I'm doing every time I bet either winning or losing still we should be responsible of what we are doing and spending this money we can afford losing.

In the other side, some people consider 50$ as a big some of money to spend in gambling in one hit, knowing that the risks of losing it are very high. So I think it depends on how much you are willing to spend and afford. Never gamble what you can't afford losing

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Quote from: ChiBitCTy on January 11, 2024, 06:02:53 PM

This is no different than playing the Lotto here in the United States. There's both a federal or nationwide lotto as well as each state has their own lotto. I rarely ever play because the way I see it, the odds are so extremely low that I'd rather gamble my $5 or $10 on some sort of shitcoin with a potential to pump and dump. I just see that as a better bet. I guess it can't hurt throwing a few bucks at it, I mean you can't win unless you play right.

That's one way to say it, indeed. This isn't any different than the lotteries available in most countries, offering millions to one lucky winner. I've never played either, because the chances of winning are so slim that you're more likely to be struck by lightning. In the OP's case, I personally wouldn't participate. $50 isn't a huge amount of money, but you can easily get carried away and bet two, three, or more times, quickly getting out of hand, and the amount lost is adding up fast. I'd rather spend a few dollars with the potential to earn a few minor amounts.

moneystery

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it depends on the individual's ability, if they feel that they can afford to lose 50 usd on one spin, maybe they will immediately play even though the possibility is very slim. however, for those who are still limited and think that 50 usd is still too much for them, like me who still thinks that money is still too much, maybe we will think twice about playing on this spinner because the chances are very slim. and especially with that 50 usd we can use it for something more useful like buying our children's needs or food for a few days.

Lucasgabd

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Quote from: panjul07 on January 11, 2024, 10:43:36 AM

I'll never have the courage to bet $50 per spin because it is simply an amount that I cant afford to lose in single bet.
My usual bankroll when I started my gambling session is around $50-$100 only so it does not make senses if I bet $50 per spin.
The one who hit that jackpot must be a rich gambler even before he won the jackpot, because logically someone need to have big bankroll in order to bet $50 per spin.

the usual question that comes to my mind in such cases is:
how many times the person bet 50 usd to win this big prize?
only the times of the video or many others?

probably many many others

what do you all think?

lizarder

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Quote from: masulum on January 11, 2024, 12:00:16 PM

Exactly, We don't know the profile of the person who gambled and get that huge jackpot, whether he was a rich person or someone who happened to use some of his money to take risks, but managed to get the jackpot. If the person is rich, then even spending $10,000 will not be a problem to bet $50. it's hard to put perspective on this. but some that us need to remember is, we cannot chase this luck, whatever our status.

I agree with you on one thing and that is that it is impossible to pursue because luck cannot possibly always be on our side and because the characteristics of gambling are always synonymous with luck, it will be much more difficult to get luck consistently. I remember playing at high dominoes as my favorite game in the past and there I learned a lot about how someone gets a jackpot which is always unpredictable and unfortunately it happens when we try to lower the bet on a much smaller table.

For people who have a good or stable source of income, there will definitely be no problem taking betting opportunities of $50 or even more. Apart from having enough perspective, sometimes gamblers handle this activity differently and there are times when they are influenced by the uncertainty of getting a win or a jackpot.

SOKO-DEKE

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Quote from: Issa56 on January 10, 2024, 05:02:51 PM

Quote from: Viscore on January 06, 2024, 09:52:33 AM

So let's discuss. This kind of win can be compelete considered based on luck, and the winner is so lucky that he hit the Jackpot. However, since the goal here is $42 million and you can only win that if you would bet $50 for one spin. So, do you have the courage to do that?

It’s really a luck. How will you spin with just $50 and win $42 million? That’s really a huge win, and that’s purely luck. I don’t really have the courage to gamble with just $50, hoping to win that amount of money. If I am asked by anyone to try my luck, I don’t even think I will listen to them because I will see it as a waste of money. The chances of winning the bet are just kind of too low. The person who won the bet was just too lucky and might not be able to win that amount of money gambling again. What’s best is that the person should make good use of the win because an opportunity like this might not come again.

It's undeniable, in my opinion, that it wasn't luck; in fact, winning large sums of money in a spin game isn't so much about skill as it is about luck. Only God knows how much money a player has wasted in a spin before going on to win a sizable sum. You mentioned that you could get away with spending $50, and I agree. Playing that spinning game is one easy method for some people to waste money.When I first attempted the spinning game, I just deposited $10. And I was spinning with just $0.1, betwfew minutes I had lost my $10. Since then I stopped playing the game and fully believed is all about lucky.

ChiBitCTy

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This is no different than playing the Lotto here in the United States. There's both a federal or nationwide lotto as well as each state has their own lotto. I rarely ever play because the way I see it, the odds are so extremely low that I'd rather gamble my $5 or $10 on some sort of shitcoin with a potential to pump and dump. I just see that as a better bet. I guess it can't hurt throwing a few bucks at it, I mean you can't win unless you play right.

panganib999

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Yeah. But just because I can and it's funny if I win the 42 million prize pot off of my $50 bucks.

I know how small my chances are at winning lotteries, I've dabbled in the field of maths in the past and I know just how impossible or improbable winning a lottery game is. In any case it's still better to have a stake in games like these especially if you have the money to spare anyway instead of letting the opportunity pass. At least that's what I want to make myself believe. To that effect, I'd make a bet on it just to see if I'd win, I don't really care that much if I lose cause I know how much it takes to win. That's basically just it. Greatest example of it is the very winner that inspired you to make that post. If he hadn't made that bet do you think he'd win anything? of course not. 0.00001 is still better than zilch.

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At first this is a blind game or blind bet and nobody knows what the outcome could be. Even if you tender this opportunity here almost everyone would like to deposit 50$ to have spin to know whether they will win but, unknownly that this is a game of probability and nobody can defined the winning so even though we all deposited there are still little chance that no one here will still win and who knows how often this person that has win this jackpot has spent in his life. You and I can't tell except he comes here to speak for himself how much he has lost in gambling and every other online actives. If the chances of winning is very high then I don't mind spending up to that amount to win $42m.

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Quote from: Lorence.xD on January 06, 2024, 02:20:34 PM

It sounds tempting especially since you have a chance to be a millionaire, but the thing is $50 could be pricey and cheap for some gamblers, just imagine that $50 per spin with that amount there are people who can already do a lot with those, in my country, you can already pay up your bills with that amount or even buy groceries that could last for weeks. I think that people who mostly win in this kind of gambling do it for fun and win unexpectedly, this literally relies on luck since the probability of winning is low. It is indeed a life-changing winning amount, you can already live most of your life relaxing and enjoying, and also invest in many things. I would prefer to invest $50 daily in the DCA method and I can expect a huge return in the long term.

It is small amount of bets and winnings a lot but it doesn't happen usually. There are multiple times of loss held behind one winning. And a lot of users become 0 for the loss to get this type of jackpot.

buwaytress

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I see the Sportbet player is making his rounds. News of them, anyway!

I see players regularly betting far more to win far less. On my last visit to Sportsbet (physical), think a whale was there regularly plopping down six figures on football live. For odds lower than 2/1.

I put aside a few euros a week to win whatever jackpot's on offer.

So, rhetorical question? =)

Johnyz

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Quote from: Viscore on January 06, 2024, 09:52:33 AM

So let's discuss. This kind of win can be compelete considered based on luck, and the winner is so lucky that he hit the Jackpot. However, since the goal here is $42 million and you can only win that if you would bet $50 for one spin. So, do you have the courage to do that?

That's a huge bet for me already and I have to save for that first before betting it, though I can bet that kind of amount as long as I do the budgeting and spend the money that is intended for gambling only. Let's not expect to have the same faith because not all are lucky in betting and imagine if we all bet the same thing, most probably the site will suffer a big loss if many of us here hit the jackpot in an instant.

blockman

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If I've made that much during the bull run and this is the spare of money that I have, I'll try but if I know my situation isn't in good condition, I won't have the balls to do it. Whilst some folks may think why many of us won't have balls to gamble with just $50, that is because in our country, this could already provide a lot of food in the table and despite with inflation and such, it's still an amount that can make a family happy. But as I've said, if this is an amount of money that's just a spare to me and I can do whatever I want with it, I'd definitely give it a go.

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Quote from: Barikui1 on January 11, 2024, 12:12:08 PM

It'll boils down to where the person is and how fat the person pocket is. Citizens from the richer countries $50 is nothing to them, they can bet with it without even considering if they are going to lose, but most people in poor countries wouldn't even think about it due to the higher value of $50 in their local currency, so it all depends on how valuable is it to you as a person.

In First world countries where they have a good number of their populations who are above average as a standard of living,and they also use the Dollar well enough $50 may not seem like a big deal to them because they probably spend more than that sometimes in their daily expenditure.

By ratio, I don't think that's too much to sacrifice for such amount especially if you become lucky just like the winner, that's making over 1000% profit on your capital and it's more than a very good deal and worth every of the risk especially when it favours you . The only challenge will be that the chances you win is very slim and uncertain which makes it very risky to play but then if you don't see a big deal with loosing $50 then you can give it a trial but for others in third world countries I'm sure most persons will make a deal of $50 .

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It'll boils down to where the person is and how fat the person pocket is. Citizens from the richer countries $50 is nothing to them, they can bet with it without even considering if they are going to lose, but most people in poor countries wouldn't even think about it due to the higher value of $50 in their local currency, so it all depends on how valuable is it to you as a person.

Topic: Are you willing to bet $50 spin for a chance to win $42 million? (Read 779 times)