If you have a budget of $1 per day, how will you spend it?

salad daging

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Quote from: bias on November 16, 2024, 03:46:45 PM

Still, though you have better chances to win it instead of taking a number in a lottery.

Picking numbers in the lottery is much more difficult, the chances are small.

Quote from: bias on November 16, 2024, 03:46:45 PM

Quote from: salad daging on November 16, 2024, 12:28:56 PM

If you bet a $1 parlay with odds of 3.00 then $30 will be won.
It is better to build that $1 defensively whatever the way is then it will be better.
Moreover, wanting to change to $100K is still impossible.

Actually, with 3.00 odds you will get $3, not $30. Grin

The OP is specific about the money that he wants to win. $100k means a parlay with 100,000.00 odds in total. In this case, a parlay is mandatory because I don't know any case where a game or an event can have x100k odds Roll Eyes

Damn this is a mistake I made. Lol I forgot to add the dot behind the zero... I meant 30.00 odds.

It's not possible to have x100K odds just by betting $1, you build up from $1 > $10 > $100 and so on which is more relevant, then it would be a bit realistic.

bias

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Quote from: salad daging on November 16, 2024, 12:28:56 PM

Quote from: bias on November 16, 2024, 11:32:28 AM

Of course, betting has more possibilities to win, so I will go for the parlay. But with such a budget it remains very unlikely to win whatever you choose. The only factor for me that can make the difference here and win $100k is pure luck. So, if you are lucky, whatever choice you make, you will win. Wink

Choosing a parlay is the choice of many people because they like high odds, but it will be difficult to win a large amount anyway by betting $1 that the victory will be limited.

Still, though you have better chances to win it instead of taking a number in a lottery.

Quote from: salad daging on November 16, 2024, 12:28:56 PM

If you bet a $1 parlay with odds of 3.00 then $30 will be won.
It is better to build that $1 defensively whatever the way is then it will be better.
Moreover, wanting to change to $100K is still impossible.

Actually, with 3.00 odds you will get $3, not $30. Grin

The OP is specific about the money that he wants to win. $100k means a parlay with 100,000.00 odds in total. In this case, a parlay is mandatory because I don't know any case where a game or an event can have x100k odds Roll Eyes

Sandra_hakeem

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Quote from: panjul07 on November 16, 2024, 01:40:12 PM

Even if it is possible, how many matches should be included on the parlay bets and this must be like a parlay that contains of bets where we choose all the underdog teams to make the 100,000x happens.

What do you mean choose 'em underdog teams?? That's like not wagering at all... How many of those teams would defeat against a big team and what's the probability of that happening say, in 5 different underdog teams? How many of them would round off the total odds to a $100,000 -- let's say, the average of all odds in parley play is about 4.67?...

Quote from: GxSTxV on November 16, 2024, 01:04:03 PM

On one hand, the lottery with the $1 million jackpot is tempting because of the life changing potential when you win. On the other hand high odds sports betting also sounds more strategic to me and engaging as you can analyze and catch the gold, plus a $100,000 payout is still a solid win compared to the jackpot.

You sound a little bit like this is already resolved and the win is guaranteed... Tongue

well maybe I didn't understand that properly...my bad if that's the case.

Docnaster

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Quote from: Dewi Aries on November 16, 2024, 01:20:28 PM

I think Sports is the best option that is more likely to give you a chance to win (even if for example in a minimal amount), but it also depends on how much knowledge and skills you have to analyze a team, $ 1 is a small amount for me which of course will not be difficult for me to let go of but of course no matter how and how much my bet is it will be an opportunity that should not be wasted.

Basically as we know that gambling is always recommended to be done with a small amount, meaning $ 1 is a very safe amount and I think that amount will help a gambler to make it easier for them to be responsible, simply for me when I win then of course it will be very fun and when I lose it will not be a problem considering the amount of the bet is relatively small.

Just like you said, I'll go with sport betting if I have such amount on daily basis and that's because I find it easier to analyze and predict the outcome of sports games especially football more than any other form of gambling. How I will bet with it is by accumulating few games with most probability ratio of winnings and bet then continue to roll over so I can make get bigger winnings

panjul07

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So we have to choose between lottery and parlay on sports with the same odds? Lottery to win 1M from $1 bet vs sports bet with odds 100,000x?
First thing that come to my mind is, is it possible to have 100,000x odds on sports betting? I have never seen any parlay bet with such huge odds and I think it is impossible to see there is a sports betting site that allow such huge odds (correct me if I'm wrong).
Even if it is possible, how many matches should be included on the parlay bets and this must be like a parlay that contains of bets where we choose all the underdog teams to make the 100,000x happens.
With this fact, I would prefer to bet on lottery because it is easier to bet as I dont need to do analysis of many matches to make huge odds for the parlay bet.

Dewi Aries

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I think Sports is the best option that is more likely to give you a chance to win (even if for example in a minimal amount), but it also depends on how much knowledge and skills you have to analyze a team, $ 1 is a small amount for me which of course will not be difficult for me to let go of but of course no matter how and how much my bet is it will be an opportunity that should not be wasted.

Basically as we know that gambling is always recommended to be done with a small amount, meaning $ 1 is a very safe amount and I think that amount will help a gambler to make it easier for them to be responsible, simply for me when I win then of course it will be very fun and when I lose it will not be a problem considering the amount of the bet is relatively small.

GxSTxV

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Quote from: Questat on November 14, 2024, 10:33:10 PM

Here’s the question: if you had a budget of $1 a day just for gambling, where would you put it? Would you go for a lottery game with a potential $1 million win, or a high-odds sports betting parlay where you could win $100,000? Which one would you pick?

In this case, I prefer to gather that budget for like a week or so and gamble once a month with $30. I believe having a smaller budget does help keep things safer but it also doesn’t guarantee someone from falling into the addiction trap. As for where I would put $1 a day It’s really a tough choice because we rarely count 1$ as a serious balance for gambling.

On one hand, the lottery with the $1 million jackpot is tempting because of the life changing potential when you win. On the other hand high odds sports betting also sounds more strategic to me and engaging as you can analyze and catch the gold, plus a $100,000 payout is still a solid win compared to the jackpot. I would probably go with the parlay just for the fun of analyzing matches and feeling involved in each bet. But I keep it lighthearted accepting that the odds are high for a reason. But in the end of every day, make sure gambling isn’t attached to your life that much as it can ruin it.

Sandra_hakeem

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Quote from: Questat on November 14, 2024, 10:33:10 PM

Here’s the question: if you had a budget of $1 a day just for gambling, where would you put it? Would you go for a lottery game with a potential $1 million win, or a high-odds sports betting parlay where you could win $100,000? Which one would you pick?

Eitherways, 'em wins ain't guaranteed so what's the point of being greedy? I'll simply choose the sport betting parley, but my focus wouldn't be on high odds as you described; having 3 or more different options separately wagered on a single ticket is a flex that'll give you an advantage that different tickets won't... Imagine how huge a win for a single ticket would be if it was singled (we call it singles and multiples) compared to a 1million expectancy from some lottery.

Quote from: Darker45 on November 15, 2024, 03:57:19 AM

They're both almost impossible to win. In this scenario, it seems your daily $1 will be snatched from you day after day.

OP made some sort of an illogical comparison... How in the world does this even fit together?

Quote

But the latter is more probable, so I think it's the parlay that I'd be spending my dollar in. Or why not change bets from time to time?

I don't know if this makes sense, but I kinda like felt that the chances would increase if it was converted into any sort of local currency, and the games are wagered with it...

Ojima-ojo

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Quote from: Alphakilo on November 15, 2024, 04:25:51 PM

Quote from: Questat on November 14, 2024, 10:33:10 PM

Here’s the question: if you had a budget of $1 a day just for gambling, where would you put it? Would you go for a lottery game with a potential $1 million win, or a high-odds sports betting parlay where you could win $100,000? Which one would you pick?

As long as the budget is continuous and forth coming on a regular basis, I would focus more on high odds sports betting parlay because I believe in the fact that I understand football matches and games like boxing and basketball alot better than i understand lotteries, but that's not to say if i get a sure lottery ticket number, i wont play.
I would try my luck on as much games or odds or lotteries if I can as long as the $1 keeps being available on the regular.

Maybe in fact the quest for getting those sure lotteries number can possibly leads you into more troubles since the outcome of lotteries game's results are base on speculation and luck, so regardless of what you think you have as a lottery number being too confident with them is doing big risk and one should avoid such an attempt.

.as long as the budget is not so much and the aim of gambling with it is to make more profits along the line, so if one loses it means the won't be any More cash flow to keep playing, and this is what we have always been stating all the while, that as much as you get more losses one can also get a win too.

Nwada001

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Quote from: Ziskinberg on November 16, 2024, 01:18:46 AM

You’d need a Bitcoin-like “shitcoin” to hit those x100k odds, which I doubt we’ll see nowadays with how competitive the crypto market is. This isn’t about investment strategy, it’s about pure, dumb luck to beat the nearly impossible system of casinos or sportsbooks.

Even with a shitcoin, it's nearly impossible to hit those numbers; the highest I have witnessed a shitcoin move recently is just about 2kX, which means only the lucky ones will likely get the chance to join the train before it changes to a SpaceX rocket.

noormcs5

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Quote from: Felicity_Tide on November 15, 2024, 06:36:16 PM

Quote from: Questat on November 14, 2024, 10:33:10 PM

Here’s the question: if you had a budget of $1 a day just for gambling, where would you put it? Would you go for a lottery game with a potential $1 million win, or a high-odds sports betting parlay where you could win $100,000? Which one would you pick?

The two options are quite difficult to pick due to how complex and almost impossible they are to choose from. Winning a $100,000 with $1, which is over 100,000odds is even a worse scenario. I think I might want/prefer to go for the lottery game of a potential win of $1million. In as much as winning a lottery is almost an unrealistic scenario as well, it is more certain than the sports betting with a potential win of $100,000. Just to be clear, the both of them are quite unrealistic, but one seems to be more sure/certain than the other. So I will go for the lottery with a potential win of $100M.

With only 1$ per day, i will prefer lottery too instead of going in the sport betting parlay although i think that both lottery and parley bets are difficult to win but still if you are lucky i think lottery can make you win $100,000.

Rest if the OP didn't ask this question, i will not think of getting such big amounts from a dollar only. I guess it is much better to gamble or get on a sports betting with a dollar and enjoy the day Wink

South Park

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Quote from: Questat on November 14, 2024, 10:33:10 PM

Here’s the question: if you had a budget of $1 a day just for gambling, where would you put it? Would you go for a lottery game with a potential $1 million win, or a high-odds sports betting parlay where you could win $100,000? Which one would you pick?

I prefer sport bets, so I would save that money during the whole week or month and then make a single bet, after all betting on average a single dollar per day is not really a lot of money, however if this was not possible and I could not permit myself to bet more than that, then it is quite likely that I could leave gambling behind for some time, since it is obvious I cannot really afford it and I might as well use that money for something else I may need.

uneng

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With a budget of 1$ daily, the best alternative is to pursue some high odds to turn that sum of money into a big amount through a single shot. It doesn't worth to place tiny bets which consist in cents of dollar attempting to grow that into hundreds or thousands of dollars, because the chances are that you are going to lose everything before reaching a decent amount. I don't know if it would be a possibility, but if the 1$ daily is cumulative, you can simply save that daily dollar for few months until finally using it to place bets. Then you will have a decent bankroll of 60$-90$ which is already something you can start working with without having to stick exclusively to high odds.

Z_MBFM

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Quote from: Felicity_Tide on November 15, 2024, 06:36:16 PM

Quote from: Questat on November 14, 2024, 10:33:10 PM

Here’s the question: if you had a budget of $1 a day just for gambling, where would you put it? Would you go for a lottery game with a potential $1 million win, or a high-odds sports betting parlay where you could win $100,000? Which one would you pick?

The two options are quite difficult to pick due to how complex and almost impossible they are to choose from. Winning a $100,000 with $1, which is over 100,000odds is even a worse scenario. I think I might want/prefer to go for the lottery game of a potential win of $1million. In as much as winning a lottery is almost an unrealistic scenario as well, it is more certain than the sports betting with a potential win of $100,000. Just to be clear, the both of them are quite unrealistic, but one seems to be more sure/certain than the other. So I will go for the lottery with a potential win of $100M.

Yes i seen op are mentioned for sportsbet but i didn't seen any sports season where any gambling site offer 100000 Odd. they can offer maximum of 200 odd .but in the lottery game and slots game is potential for win up to 1 million dollers with only $1 bet. so i will also suggest for lottery and slots. although i am not fan of lottery but i will suggest it too. because i read many story where many are win millions of dollers for only $1 bet. and must of the story are lottery based

yahoo62278

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Buy a ramen noodle and enjoy a cheap meal lol. $1 a day is just asking to be blown if you are gambling with it. Depends on if this is online or real life as well. Real life, you can buy a lottery ticket, food, maybe a drink or something small. Not really much gambling potential IRL. Online you can spin a couple spins on a slot, play a keno game, some originals on Stake, or save it for a sportsbet.

I think if you get $1 a day and it's guaranteed everyday, you could place a monster 10 leg parlay daily and wait for the day you win. That's probably your best odds at a big payday although it may never hit for you.

hahay

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I think it depends on the habit, I mean, if I am more comfortable gambling on sports then I will still choose to bet on sports even with a budget of $1 per day. Because after all, even though I also realize that betting on the lottery can provide big profits but still, to get a big win in lottery gambling we also have to have a lot of trials with a lot of money needed too.So, I think it depends on our habit of gambling on what type of gambling, because when we are comfortable doing it in one of the types of gambling that exist then we will also be very likely to get a lot of wins and also fun even with only $1 per day.

salad daging

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Quote from: bias on November 16, 2024, 11:32:28 AM

Of course, betting has more possibilities to win, so I will go for the parlay. But with such a budget it remains very unlikely to win whatever you choose. The only factor for me that can make the difference here and win $100k is pure luck. So, if you are lucky, whatever choice you make, you will win. Wink

Choosing a parlay is the choice of many people because they like high odds, but it will be difficult to win a large amount anyway by betting $1 that the victory will be limited.

If you bet a $1 parlay with odds of 3.00 then $30 will be won.
It is better to build that $1 defensively whatever the way is then it will be better.
Moreover, wanting to change to $100K is still impossible.

KTChampions

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Quote from: Dr.Bitcoin_Strange on November 16, 2024, 06:07:36 AM

If am not being compelled to only spend the money on Just either one of those games, then I will split the money into two half and bet on both. The reason is because non is so assuring and I don't know where my luck could come from.

So you split the dollar into two 50 cent bets? I'm not sure there are lottery tickets that are that low. Don't you think that this is not the best solution considering that the initial size of your daily deposit is too small? Even winning *1000 will actually be only $500.
By the way, in this sense the lottery is interesting because the multiplier for it can be astronomically large.

bias

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Quote from: Questat on November 14, 2024, 10:33:10 PM

Here’s the question: if you had a budget of $1 a day just for gambling, where would you put it? Would you go for a lottery game with a potential $1 million win, or a high-odds sports betting parlay where you could win $100,000? Which one would you pick?

Of course, betting has more possibilities to win, so I will go for the parlay. But with such a budget it remains very unlikely to win whatever you choose. The only factor for me that can make the difference here and win $100k is pure luck. So, if you are lucky, whatever choice you make, you will win. Wink

mirakal

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Quote from: Questat on November 14, 2024, 10:33:10 PM

Here’s the question: if you had a budget of $1 a day just for gambling, where would you put it? Would you go for a lottery game with a potential $1 million win, or a high-odds sports betting parlay where you could win $100,000? Which one would you pick?

It’s easy to get tempted by the idea of winning a million dollars with just $1, but realistically, the odds are stacked against us. Sports betting might offer slightly better chances than the lottery, but since it’s still gambling, $1 isn’t going to get you far. No matter what we choose, without luck, that dollar can vanish in an instant, so we might as well think of it as throwing our money away.

Anyway, if this is all we're willing to spend each day, then perhaps it's worth it to have a little fun, even if it's only just take for a few minutes.

Topic: If you have a budget of $1 per day, how will you spend it? (Read 777 times)