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Topic: Double or Nothing - page 2. (Read 1986 times)

hero member
Activity: 3024
Merit: 745
Top Crypto Casino
October 25, 2016, 05:51:17 AM
#81
Here's a thought experiment

If I offered you $100, you could take it and walk away.
Or, you could double it or lose it all based on a coin flip.

Now, you're presented with a situation where if you take the double down, and you lose, have you really lost anything?
You never had anything to begin with until I made you this offer. Would you feel regret for not taking the $100 in the first place?

Thoughts?  Grin

Well if I will become on that situation I will make the wisest decision, if the condition is to make it double by just coin tossing then I won't risk that money even that is just came from free giveaway or gift. I will just going to walk away and say thanks to you. And will invest into something better even though it will take a lot of time to make it double but I lesser chance of losing it.
hero member
Activity: 991
Merit: 500
October 25, 2016, 05:25:29 AM
#80
Here's a thought experiment

If I offered you $100, you could take it and walk away.
Or, you could double it or lose it all based on a coin flip.

Now, you're presented with a situation where if you take the double down, and you lose, have you really lost anything?
You never had anything to begin with until I made you this offer. Would you feel regret for not taking the $100 in the first place?

Thoughts?  Grin
I think i'd rather take the money and walk away and then have something a little more productive to do with it. Yeah the money was not hard earned but you have it already why waste it in a coin toss where you're not sure of the result when you can spend it somewhere else

Even if its a free money we should always respect it and instead of wasting it in gambling its good to buy some useful things with it or spend it on some good food where it will give you a good level of satisfaction.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
October 25, 2016, 05:23:23 AM
#79
Here's a thought experiment

If I offered you $100, you could take it and walk away.
Or, you could double it or lose it all based on a coin flip.

Now, you're presented with a situation where if you take the double down, and you lose, have you really lost anything?
You never had anything to begin with until I made you this offer. Would you feel regret for not taking the $100 in the first place?

Thoughts?  Grin
I think i'd rather take the money and walk away and then have something a little more productive to do with it. Yeah the money was not hard earned but you have it already why waste it in a coin toss where you're not sure of the result when you can spend it somewhere else
sr. member
Activity: 308
Merit: 250
October 25, 2016, 05:06:59 AM
#78
even though i like to gamble, but i wont take the chance, i will keep the money in my pocket and walk away, even though I wont lose anything but i will feel regret if i lose the 100$, so i feel better accepting the 100$ rather than 200$ but has the chances of losing it all


Smart move will be to take $100 and walk away from there as something is always better then nothing and if we choose to gamble then we may win in first or second round and that will make us to gamble more which will result in loosing everything at the end of the day.
hero member
Activity: 588
Merit: 500
October 25, 2016, 05:02:54 AM
#77
I would probably just say thank you and then walk away. There's blessing already, all I have to do is take it. This situation is very similar to when a gambler goes to positive profit. Will he continue betting or not? If he lose the round, it's okay because he basically didn't lose anything since it was just his profit. But the point is that if you're going to continue having that mindset, then you'll be stuck in that loop and never be able to stop gambling unless you lose everything.
full member
Activity: 150
Merit: 100
October 25, 2016, 03:29:13 AM
#76
even though i like to gamble, but i wont take the chance, i will keep the money in my pocket and walk away, even though I wont lose anything but i will feel regret if i lose the 100$, so i feel better accepting the 100$ rather than 200$ but has the chances of losing it all
legendary
Activity: 1134
Merit: 1598
September 25, 2016, 11:12:44 PM
#75
I prefer talking the money and walking away with it. Double down means a 50% chance of win which is too low. And with the luck I always had lately.. I wouldn't go for it. Cheesy I'm trying to stay away from gambling as much as I can.
sr. member
Activity: 308
Merit: 250
September 25, 2016, 11:08:35 PM
#74
i am not in favour of double or nothing formula, to me you should always do gambling in a limit and never exceed that limit if you want to minimize your risk of loosing money, if you will play gambling on the formula Double or Nothing then you will only play a single game and will become out of money very soon.
legendary
Activity: 3500
Merit: 6981
Top Crypto Casino
September 25, 2016, 06:29:12 PM
#73
I would absolutely take the $100.  I have much better uses to put it to than to gamble it away--at least not in the way that OP suggested.  I'd put it toward shares in a good dividend-paying stock and make it work for me.  50/50 is just chance, and I never liked those odds.  Not in medicine, not in money.
hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
September 25, 2016, 05:13:57 PM
#72
i would take the 100$ instead of gambling it because you might lose all and 100$ is a little bit big but for those who is greedy they would choose to gamble it instead i know its 49% chance of winning
You are right. Instead of risking our chances, going with immediate money must be a very clever option. Because gambling is known for losing all over bankroll at any point of time so going for gambling must be equalvanet to throwing out our money into fire.

I have to agree with this since chances you win are slim, no matter in which casino you play or make a play.
Going all in will not change your ods, and unless it is cards, you better be very carefull.
copper member
Activity: 2562
Merit: 2510
Spear the bees
September 25, 2016, 02:53:34 PM
#71
I seems pretty split between people who would take it and those who'd try and double it.

For those who would just take the money, what if I said, not double... but,

2.2x ? or 2.5x ?

Surely you'd take 3x?
Turn your sure thing of $100 and take a 50:50 chance to triple it?

What multiplier would you accept to take the bet?
Now, this actually changes things. Even x2.0001 changes it (if we're talking pennies as the lowest denomination.

Since it's now +ev to gamble, I would do so. It takes some detachment of emotion to gamble properly with odds in your favor. Sure, there's the chance that I lose. But out of the possible outcomes, the pros outweigh the losses. You would do it at those odds even if it were your money.

Originally, a 0 ev game would yield the same result on average whether you played or not: +$100

A +ev game here yields a slightly higher average: +100.01 (at 2.0001x)

Always choose the smarter option. Probability wins.
sr. member
Activity: 2030
Merit: 323
September 25, 2016, 12:53:55 AM
#70
i would take the 100$ instead of gambling it because you might lose all and 100$ is a little bit big but for those who is greedy they would choose to gamble it instead i know its 49% chance of winning
You are right. Instead of risking our chances, going with immediate money must be a very clever option. Because gambling is known for losing all over bankroll at any point of time so going for gambling must be equalvanet to throwing out our money into fire.
hero member
Activity: 840
Merit: 1000
September 25, 2016, 12:50:55 AM
#69
Here's a thought experiment

If I offered you $100, you could take it and walk away.
Or, you could double it or lose it all based on a coin flip.

Now, you're presented with a situation where if you take the double down, and you lose, have you really lost anything?
You never had anything to begin with until I made you this offer. Would you feel regret for not taking the $100 in the first place?

Thoughts?  Grin

Not bad, but the question is, are you generous enough to offer such amount? Everyone loves free money, you know.
hero member
Activity: 2170
Merit: 530
September 25, 2016, 12:12:13 AM
#68
Here's a thought experiment

If I offered you $100, you could take it and walk away.
Or, you could double it or lose it all based on a coin flip.

Now, you're presented with a situation where if you take the double down, and you lose, have you really lost anything?
You never had anything to begin with until I made you this offer. Would you feel regret for not taking the $100 in the first place?

Thoughts?  Grin
That's a very good offer that i ever heard on this forum the other thread will give us cancer because of sh*t post and replies if you are going to offered me $100 dollars i would accept that for sure and i will accept the fact that i need to risk $100 dollars to double it or to triple it maybe ? Coin Flip for me is 50/50 Smiley
hero member
Activity: 770
Merit: 500
Bazinga!
September 24, 2016, 11:47:03 PM
#67
Here's a thought experiment

If I offered you $100, you could take it and walk away.
Or, you could double it or lose it all based on a coin flip.

Now, you're presented with a situation where if you take the double down, and you lose, have you really lost anything?
You never had anything to begin with until I made you this offer. Would you feel regret for not taking the $100 in the first place?

Thoughts?  Grin

this sounds like a good experiment because of the free money Grin

but in all seriousness i think the real gamblers will take the bets instead of the money and those who said we take the money and go away are not gamblers and are only thinking about the money in all of this not the fun of gambling.

and by the way i think i am going to take the bets instead and make a couple of them.
member
Activity: 98
Merit: 10
Ghostbook - Sports Bookie for the Darknet
September 24, 2016, 11:24:17 PM
#66
I seems pretty split between people who would take it and those who'd try and double it.

For those who would just take the money, what if I said, not double... but,

2.2x ? or 2.5x ?

Surely you'd take 3x?
Turn your sure thing of $100 and take a 50:50 chance to triple it?

What multiplier would you accept to take the bet?
hero member
Activity: 1232
Merit: 503
September 24, 2016, 11:08:20 PM
#65
i would take the 100$ instead of gambling it because you might lose all and 100$ is a little bit big but for those who is greedy they would choose to gamble it instead i know its 49% chance of winning
legendary
Activity: 3094
Merit: 1127
September 24, 2016, 09:15:59 PM
#64
I would take that $100 and i would gamble it as you wish too but i would only spend the 50% of it and then the other 50% would be invested in the same bankroll if lose then i still got my 50% lol haha am i just making sense here?

Well, you are  just adjusting your bet amount. lol.  You dont intend to put in all  in single bet, if we decide to  all in  on $100 then loss then  you have  no chance to play again compare when you are betting  with  50% which would somehow  give us chance if  we  lose the  50% initially but  it wont guarantee you  to win the next bet since it does only matter  on luck  you had if the result  is still the same then move on because its  just a giveaway though. lol
newbie
Activity: 3
Merit: 0
September 24, 2016, 11:15:34 AM
#63
Double or nothing? This like depends to you how make 100$ be better. Much way to make this double or more than.
hero member
Activity: 910
Merit: 500
September 24, 2016, 11:10:19 AM
#62
I would take that $100 and i would gamble it as you wish too but i would only spend the 50% of it and then the other 50% would be invested in the same bankroll if lose then i still got my 50% lol haha am i just making sense here?
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