Split the prize or Reroll? | Bitcointalksearch.org

Cryptock

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Quote from: ethereumhunter on November 04, 2022, 10:18:25 AM

Quote from: Plaguedeath on November 01, 2022, 07:51:15 AM

As long as there's no written rule about this lucky number game, either split the prize or reroll is fine. It depends on the winner, usually the organizer will ask to both of them, are they prefer to split the prize or reroll. But in most case they're fine to split the prize since they're don't really care with the prize, they're want the other person is happy too. This also make the organizer feel better and the other person who's not win will not mad.

They'll be fine because they can get a pretty hefty reward, even if that means they can't get the full reward. Instead of rerolling, they'd better take the prize.

And if the organizers could ask both of them, maybe it would seem fair to them. And if the winner feels that his luck won't help him if they reroll, he will accept the result. But that doesn't apply to people who feel challenged to reroll because they think the chances of getting all the money are big.

Me too - it's a good option to stay happy on the prize money one receives rather than losing all the money.
contentment is a good trait for a person for a content life.

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Quote from: Plaguedeath on November 01, 2022, 07:51:15 AM

As long as there's no written rule about this lucky number game, either split the prize or reroll is fine. It depends on the winner, usually the organizer will ask to both of them, are they prefer to split the prize or reroll. But in most case they're fine to split the prize since they're don't really care with the prize, they're want the other person is happy too. This also make the organizer feel better and the other person who's not win will not mad.

They'll be fine because they can get a pretty hefty reward, even if that means they can't get the full reward. Instead of rerolling, they'd better take the prize.

And if the organizers could ask both of them, maybe it would seem fair to them. And if the winner feels that his luck won't help him if they reroll, he will accept the result. But that doesn't apply to people who feel challenged to reroll because they think the chances of getting all the money are big.

Cryptock

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Quote from: Fredomago on November 01, 2022, 09:10:25 AM

Yup, organizer or the one who creates the promotions/raffle also has the right to decide if they've got certain rules about the winning prize.
If they are allowing the split, then those who choose to split, or if both parties choose it, then it will be split.

For me splitting money is the always the good option - if I win - I dont roll the dice again.
But if we talk about this situation - then surly splitting money is the only option

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Quote from: Quidat on October 31, 2022, 05:26:25 PM

Quote from: Cryptock on October 31, 2022, 01:52:47 PM

Quote from: michellee on October 31, 2022, 05:55:06 AM

If the rule is the number closest to being rolled, it inevitably must be re-rolled again. But even though the odds look great, it's not a guarantee we can get the entire amount because we know that it's a luck-based gambling game where we don't know who will be the winner later. But we also don't know what the giveaway rules or conditions are so we will look at the most objective choices that we think can benefit us.

since I am not very brave in the thing - so I wont be able to roll the dice for the 2nd time
I will only split the prize and go home happily and contented

Some would be contented and some wont really be that accepting until they do get the whole amount or that freebie.In my own opinion then i would really be that
contented on having that split prize rather than on having a re-roll which you cant really assure that you could really get something because there's always an
odds that you wouldnt be able to take a hit or have some part of the pie.
This is why you should be grateful at least when you are really that getting something for free.Dont wish out for more
because it might give out different results in next roll which would leave you on regretting.

Better than nothing at all, though it's always depends on how you manage your decision making, I see your point and it's always valid to quit while you already have something than to push forward and risk losing your winning amount. Maybe there are also some who wanted to make big money in choosing to re-roll, but as per my opinion, most will choose to split it up.

Quote from: Plaguedeath on November 01, 2022, 07:51:15 AM

As long as there's no written rule about this lucky number game, either split the prize or reroll is fine. It depends on the winner, usually the organizer will ask to both of them, are they prefer to split the prize or reroll. But in most case they're fine to split the prize since they're don't really care with the prize, they're want the other person is happy too. This also make the organizer feel better and the other person who's not win will not mad.

Yup, organizer or the one who creates the promotions/raffle also has the right to decide if they've got certain rules about the winning prize.
If they are allowing the split, then those who choose to split, or if both parties choose it, then it will be split.

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Quote from: Plaguedeath on November 01, 2022, 07:51:15 AM

As long as there's no written rule about this lucky number game, either split the prize or reroll is fine. It depends on the winner, usually the organizer will ask to both of them, are they prefer to split the prize or reroll. But in most case they're fine to split the prize since they're don't really care with the prize, they're want the other person is happy too. This also make the organizer feel better and the other person who's not win will not mad.

I think the decision depends on the bet... if the bet was 1 mBTC or lower I guess players would be satisfied with an x50 prize (or higher if the bet was lower), but in the case when players make bets with bigger amounts they winning x2 or x3 will not be interesting, most likely they will go for enrolling! I know there's a saying "A bird in the hand is worth two in the bush", but some people want a lot more birds and they are ready to go all the way. I was like that before, I was always ready to go for all or nothing, but now I would settle with lower but secure prizes. I am older and a bit wiser, and I'm not free and on my own, as I was before, now I need to think about the family. My gambling style changed with time, I guess that happens to all, eventually.

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As long as there's no written rule about this lucky number game, either split the prize or reroll is fine. It depends on the winner, usually the organizer will ask to both of them, are they prefer to split the prize or reroll. But in most case they're fine to split the prize since they're don't really care with the prize, they're want the other person is happy too. This also make the organizer feel better and the other person who's not win will not mad.

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Quote from: Casdinyard on October 31, 2022, 04:56:19 PM

If one player chooses split while the other chooses steal, the one who chose to steal gets to bag all the prize money. If both of them however plays steal however, they don't get anything. Lastly, if both of them choose to play split, they go home with half the prize. If done with an interaction with the other person you are betting with, you can play a bluff on them that will maximize both your profit. And that is to immediately let them know that you are going to steal, or in this case reroll, ask them to choose split, and then tell them that you're just gonna send them the money, but actually choose split so that you go home with half the prize.

Referring to OP, the terms are not mentioned that's why the common answer here is to take right away the split money.

If the terms are known, maybe we can have different answers here. There's also a question that if BTC0.1 is only the pot amount and the other one let's say reroll it and won, the pot is not enough now to cover all the winnings as the other half is now taken home by the winner who decides not to reroll it.

Either way, that chance of winning can't happen to anyone. If by chance we have the opportunity to take home the amount, then just do it without hesitation.

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Quote from: Cryptock on October 31, 2022, 01:52:47 PM

Quote from: michellee on October 31, 2022, 05:55:06 AM

If the rule is the number closest to being rolled, it inevitably must be re-rolled again. But even though the odds look great, it's not a guarantee we can get the entire amount because we know that it's a luck-based gambling game where we don't know who will be the winner later. But we also don't know what the giveaway rules or conditions are so we will look at the most objective choices that we think can benefit us.

since I am not very brave in the thing - so I wont be able to roll the dice for the 2nd time
I will only split the prize and go home happily and contented

Some would be contented and some wont really be that accepting until they do get the whole amount or that freebie.In my own opinion then i would really be that
contented on having that split prize rather than on having a re-roll which you cant really assure that you could really get something because there's always an
odds that you wouldnt be able to take a hit or have some part of the pie.
This is why you should be grateful at least when you are really that getting something for free.Dont wish out for more
because it might give out different results in next roll which would leave you on regretting.

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Quote from: seoincorporation on October 13, 2022, 08:45:28 AM

Let's say you join a give away with other user and both have to select a number between 1 and 10, you go for 7 while he goes for 9. The winning number is 8.

If the prize is 0.1BTC what would you do? Split the prize and walk away with 0.05 or Reroll to gamble for the full prize?

A really interesting point of discussion. I think I saw this in practice in a game show clip I saw somewhere in the internet. Premise is that two people are tasked with choosing between playing "steal" or "split"
If one player chooses split while the other chooses steal, the one who chose to steal gets to bag all the prize money. If both of them however plays steal however, they don't get anything. Lastly, if both of them choose to play split, they go home with half the prize. If done with an interaction with the other person you are betting with, you can play a bluff on them that will maximize both your profit. And that is to immediately let them know that you are going to steal, or in this case reroll, ask them to choose split, and then tell them that you're just gonna send them the money, but actually choose split so that you go home with half the prize.

Although it must be said that the premise you gave us leaves me little to come up with because you never specified if the winner is to be chosen based on who has a closest number to the winning one which would be me.

Anyways: for people who are interested in learning more about this strat you can watch it here: https://www.youtube.com/watch?v=S0qjK3TWZE8

Cryptock

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Quote from: michellee on October 31, 2022, 05:55:06 AM

If the rule is the number closest to being rolled, it inevitably must be re-rolled again. But even though the odds look great, it's not a guarantee we can get the entire amount because we know that it's a luck-based gambling game where we don't know who will be the winner later. But we also don't know what the giveaway rules or conditions are so we will look at the most objective choices that we think can benefit us.

since I am not very brave in the thing - so I wont be able to roll the dice for the 2nd time
I will only split the prize and go home happily and contented

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Quote from: Jemzx00 on October 30, 2022, 01:48:53 PM

Quote from: michellee on October 30, 2022, 02:02:20 AM

Quote from: QueenVera on October 26, 2022, 05:33:24 PM

I really don't see any reason to roll the dice anymore rather than walk away with half of the price.
Remember it's a give away, and 0.05btc is a nice take home and there is no way I personally will continue rolling when no winner is assured.
One weakness people have in gambling is not knowing ones limit and not knowing when to stop becauee of greed which in most cases ends up In total silent regrets.
So I personally will split and walm away with half of it.

That's what we might think because as casual gamblers, that would be a very large amount of BTC, especially if we could sell it at a high price. It's rare for people to get that much BTC; if there is, it's probably because they're playing for big money or a whale. So it's better if we just accept the money and don't need to reroll again because there is no guarantee that we can get more than before. This is what makes us have to know that if we have got that amount of money, we must immediately stop and leave gambling.

That would be the most neutral answer which is to split the prize rather than keep re-rolling especially for us where we don't really know the terms of the giveaway. But if one of terms is which closest number rolled will be the winner of the whole amount then re-rolling would be the most logical thing to do. If you try and re-roll you'll have 70% chance of winning the whole amount 10% chance for split and 20% chance for nothing.

If the rule is the number closest to being rolled, it inevitably must be re-rolled again. But even though the odds look great, it's not a guarantee we can get the entire amount because we know that it's a luck-based gambling game where we don't know who will be the winner later. But we also don't know what the giveaway rules or conditions are so we will look at the most objective choices that we think can benefit us.

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Quote from: Ondekinecakabilirim on October 30, 2022, 02:47:05 PM

I think the reward amount is big enough. But if I were the decision maker, I would split the prize. Because if we use this way, it will make two people happy. In addition, since it will be a fair share, new discussions will not occur. Because if the competition is renewed, the one who does not win the prize will regret. It will be a sad moment for him or her. In fact, I support sharing in all areas of life. This is my way of solving the problems that I encounter in life. Because I am someone who prioritizes the goal of a more equal world

Depends on the organizer of the said giveaway.If they do really like to have 1 winner then they would really be deciding to have a re-roll but if they do really like for that roll to be the final then there would be a split.

Personal choices would really be depending on winners side but they cant do something if decisions would be final on the said organizer of that giveaway.If i were 1 on of those winners then i wont really be that

that making some complaints if ever it would be re-rolled or would be split up.Free money is always been good and you cant really make out complaints on that.
You should really be that be satisfied and be contented on what you had get for free.

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I think the reward amount is big enough. But if I were the decision maker, I would split the prize. Because if we use this way, it will make two people happy. In addition, since it will be a fair share, new discussions will not occur. Because if the competition is renewed, the one who does not win the prize will regret. It will be a sad moment for him or her. In fact, I support sharing in all areas of life. This is my way of solving the problems that I encounter in life. Because I am someone who prioritizes the goal of a more equal world

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Quote from: michellee on October 30, 2022, 02:02:20 AM

Quote from: QueenVera on October 26, 2022, 05:33:24 PM

I really don't see any reason to roll the dice anymore rather than walk away with half of the price.
Remember it's a give away, and 0.05btc is a nice take home and there is no way I personally will continue rolling when no winner is assured.
One weakness people have in gambling is not knowing ones limit and not knowing when to stop becauee of greed which in most cases ends up In total silent regrets.
So I personally will split and walm away with half of it.

That's what we might think because as casual gamblers, that would be a very large amount of BTC, especially if we could sell it at a high price. It's rare for people to get that much BTC; if there is, it's probably because they're playing for big money or a whale. So it's better if we just accept the money and don't need to reroll again because there is no guarantee that we can get more than before. This is what makes us have to know that if we have got that amount of money, we must immediately stop and leave gambling.

That would be the most neutral answer which is to split the prize rather than keep re-rolling especially for us where we don't really know the terms of the giveaway. But if one of terms is which closest number rolled will be the winner of the whole amount then re-rolling would be the most logical thing to do. If you try and re-roll you'll have 70% chance of winning the whole amount 10% chance for split and 20% chance for nothing.

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Quote from: rahmad2nd on October 30, 2022, 07:41:15 AM

Quote from: Fredomago on October 21, 2022, 07:03:32 PM

All will end with how the gambler who are in the situation will decide his fate, but in such an event where the amount is huge, and it came from a casino giveaways, if there's no wagering requirement and you can take the money out right away. Personally splitting is the best option, but if he's willing to take additional risk, re-roll is also possible. Both parties have an equal chances it's just a matter of luck that will decide who will take the whole prize.

Tough call and a matter of how you handle your emotion, it's money matter and what will be the best thing if you are in this kind of scenarios.

I think this is very closely related to the ratio of how big the chances of winning are. if the chance is only 50-50, then both voters have an equal chance. a safer option is to choose the prize share option. and even then on condition, both agree to distribute the prize. however, we are often faced with a dilemmatic choice when it comes to betting.

moreover in this case, 0.1BTC is quite a large amount.
Often times, the urge to get the full prize will certainly affect the psychology of everyone involved in the choice. one will be forced to think instantaneously, the moment the gift choice event begins.
in the end, as you said. all will end with how the gambler who is in that situation will determine his fate.

I want to quote that huge amount because for an ordinary gambler who is not wagering that much, most common in participating with any giveaways, the chance that they will take whatever amount they can in an easy access way. Splitting will assure them the amount and we are speaking with such an amount that can't be resisted, especially if it's come from a free opportunity.

50-50 chance still got the risk compared to half of the pot prize without anything to do.

Quick cash out instead of taking another shot that can take that amount away from you, again, depending on a type of gambler who will be deciding on this kind of opportunity.

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Quote from: Fredomago on October 21, 2022, 07:03:32 PM

All will end with how the gambler who are in the situation will decide his fate, but in such an event where the amount is huge, and it came from a casino giveaways, if there's no wagering requirement and you can take the money out right away. Personally splitting is the best option, but if he's willing to take additional risk, re-roll is also possible. Both parties have an equal chances it's just a matter of luck that will decide who will take the whole prize.

Tough call and a matter of how you handle your emotion, it's money matter and what will be the best thing if you are in this kind of scenarios.

I think this is very closely related to the ratio of how big the chances of winning are. if the chance is only 50-50, then both voters have an equal chance. a safer option is to choose the prize share option. and even then on condition, both agree to distribute the prize. however, we are often faced with a dilemmatic choice when it comes to betting.

moreover in this case, 0.1BTC is quite a large amount.
Often times, the urge to get the full prize will certainly affect the psychology of everyone involved in the choice. one will be forced to think instantaneously, the moment the gift choice event begins.
in the end, as you said. all will end with how the gambler who is in that situation will determine his fate.

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Quote from: QueenVera on October 26, 2022, 05:33:24 PM

I really don't see any reason to roll the dice anymore rather than walk away with half of the price.
Remember it's a give away, and 0.05btc is a nice take home and there is no way I personally will continue rolling when no winner is assured.
One weakness people have in gambling is not knowing ones limit and not knowing when to stop becauee of greed which in most cases ends up In total silent regrets.
So I personally will split and walm away with half of it.

That's what we might think because as casual gamblers, that would be a very large amount of BTC, especially if we could sell it at a high price. It's rare for people to get that much BTC; if there is, it's probably because they're playing for big money or a whale. So it's better if we just accept the money and don't need to reroll again because there is no guarantee that we can get more than before. This is what makes us have to know that if we have got that amount of money, we must immediately stop and leave gambling.

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Quote from: seoincorporation on October 26, 2022, 04:49:34 PM

Quote from: Cryptock on October 26, 2022, 03:29:26 PM

...
as stated above most of the responses in this thread says that the people would mostly go in favor of splitting the money because people would risk once and not again

Not really...

What we learn from this thread is that people will split if the amount is significant for them, and if the amount is low (something like $1) then they will reroll.

I'm sure if i start another thread like this but with the amount of $1 dollar more than 95% will go for Reroll to get one or zero, but getting $0.5 doesn't feel like a huge amount of money and that's why thy can afford it to lose.

The amount of the prize does affect the decision especially if we are comparing hundreds buck vs few buck even cents. If you start a new thread with $1 prize, I will simply answer "reroll it or I'll give it to the other". Not because I dont want the money, but it is wasting of time and mind to think and discuss what to do with $1.

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Quote from: goldkingcoiner on October 29, 2022, 11:50:22 AM

Quote from: seoincorporation on October 13, 2022, 08:45:28 AM

Let's say you join a give away with other user and both have to select a number between 1 and 10, you go for 7 while he goes for 9. The winning number is 8.

If the prize is 0.1BTC what would you do? Split the prize and walk away with 0.05 or Reroll to gamble for the full prize?

I would probably split the prize and walk away with a decent 0.05 BTC. Anything else seems a bit too greedy and somehow feels like it would go wrong. In fact, if you were to use that 0.05 BTC to keep gambling, why on the same game? You could easily win more if you played it smart.

But this thread does raise the question of how much is considered a non-risky amount? At what point does splitting become a better option?

That probably might be different for everybody depending on their financial status such as their income and their capital. If I were a millionaire, I would not care about losing 1k. I would probably keep going and reroll.

most of the time people would not like to risk for the second time.
So they would split - this is what most of the people in the forum suggested.

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Quote from: seoincorporation on October 13, 2022, 08:45:28 AM

Let's say you join a give away with other user and both have to select a number between 1 and 10, you go for 7 while he goes for 9. The winning number is 8.

If the prize is 0.1BTC what would you do? Split the prize and walk away with 0.05 or Reroll to gamble for the full prize?

I would probably split the prize and walk away with a decent 0.05 BTC. Anything else seems a bit too greedy and somehow feels like it would go wrong. In fact, if you were to use that 0.05 BTC to keep gambling, why on the same game? You could easily win more if you played it smart.

But this thread does raise the question of how much is considered a non-risky amount? At what point does splitting become a better option?

That probably might be different for everybody depending on their financial status such as their income and their capital. If I were a millionaire, I would not care about losing 1k. I would probably keep going and reroll.

Topic: Split the prize or Reroll? (Read 2506 times)