Split the prize or Reroll? - page 5.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: seoincorporation on October 13, 2022, 09:45:28 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?

Interesting question- it is either you go big or you go home.

I think this would depend on the circumstances of a person. If a gambler wants to receive a winning prize no matter what, then going with the safe choice of splitting might be the ideal answer. But if the gambler wants to gamble for entertainment, adrenaline, and for the money, then experiencing the "go big or go home" choice of reroll is the answer.

Personally, I am a safe guy where I always choose the safest option. I would prefer to split the prize and call it a day and use the proceeds to gamble again in my designated gambling website of choice.

famososMuertos

legendary

Activity: 1834

Merit: 2919

LE ☮︎ Halving es la purga

Quote from: acroman08 on October 13, 2022, 11:28:00 AM

Quote from: seoincorporation on October 13, 2022, 09:45:28 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 am confused, would you mind elaborating? I mean, why would they split the price when none of them chose the winning number? wouldn't they have to do a reroll by default since no one won? was there a rule stating that if no one picked the winning number then whichever number is closest to the winning number will win? then, if so, picking to split the prize is a great choice but if the participants cannot change the number they have picked then, I'd go for a reroll since I picked 7 and have more chance of winning than the other guy who picked 9.

I think the matter is simple, it is a kind of gift, so the point is that you leave with something or you leave with nothing, a betting paradox from the social point of view, based on the free bet, then socially you criticize the who loses by not dividing. The conditions can be varied but specifically it is about that, dividing the prize, yes or no.

Let's forget the social stigma, let's bet:
In my case, since it is free, that is, I understand the $0 buyin, the decision does not it should not change if your buy is $1 or whatever the corresponding amount is, the decision is always based on your chances of winning, so you should take the first positive option that results.

Scenarios:
buyin$0 possible prize of 0.1BTC, if I win. /

buyin$0 possible prize of 0.05BTC, if I agree split prize. / Cool

buyin$0 possible prize of 0 BTC, if I lose. / Cheesy

D ltr

sr. member

Activity: 1362

Merit: 258

Instant cryptocurrency exchange with own reserves!

Quote from: seoincorporation on October 13, 2022, 09:45:28 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 think the prize is the best choice for me because I minimize losses if I lose at 0.05 later I will have pocketed half of my previous wins,

Boristhecat

hero member

Activity: 756

Merit: 629

Quote from: Peanutswar on October 16, 2022, 02:05:53 AM

For me it is more ideal thing to do than getting greedy because we make another reroll there's a chance that you don't get the rewards instead of getting the half there's an assurance already that you are one of the winners. But of course if you are a risky taker another game of all or nothing to win the game.

If you look at this question with a mathematical approach, there is no difference between the first and second options - on average they will give the same prize distribution. Naturally, if you make a sufficiently large number of attempts. Therefore, in my opinion, there is no "greed/riskiness" or "reliability" option here. Both options are the same and differ only in perception, which is individual for all people. It would be another matter if the question was, for example, to take 0.05 or make a reroll with the opportunity to get 0.11 or, in another variant, 0.09. As you understand here reasoning about risk would be justified.

Pmalek

legendary

Activity: 2730

Merit: 7065

I usually play it safe when it comes to gambling. That's also the case when I bet on sports. I would rather take the smaller payout with a greater chance to win than go with the big odds where the stars on the sky have to align to predict everything correctly. So I would split the prize if the other person agrees. That way we both get to walk away with some money in our pockets. Both of us were equally close to guessing the correct number, so it's the right thing to do.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: seoincorporation on October 13, 2022, 09:45:28 AM

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?

In this case I will choose to split the price and walk away with 0.05 since it's a decent amount already and a sure money, im just being wise. I'd like to enjoy the prize because it's from giveaway and would not ask for more since I might regret it. But of course it depends for each of us because those who like to take risk for a possible better result might choose to reroll again. So it depends if you're contented already or greedy to try your luck.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Peanutswar on October 16, 2022, 02:05:53 AM

Quote from: GideonGono on October 15, 2022, 08:15:15 PM

Quote from: seoincorporation on October 13, 2022, 09:45:28 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 just split the prize since it is already a good amount of money and I could buy so many things from that prize.
I don't want to be consumed by my greed anymore just like what happens in the past either it is in gambling or at trading.
I used to aim for a higher profit and end up losing instead of gaining.

For me it is more ideal thing to do than getting greedy because we make another reroll there's a chance that you don't get the rewards instead of getting the half there's an assurance already that you are one of the winners. But of course if you are a risky taker another game of all or nothing to win the game.

That's true and even though you are a risk taker, you also have to be wise and be able to see the situation before making a decision. Splitting the reward would be the best decision even for a risk taker because 0.05BTC is already the biggest reward he can get. If that person continues thinking that the reward is not very big, that person is greedy Grin

But it is about our assumption based on the @OP case and we do not know the real situation and just say what we feel.

Issa56

hero member

Activity: 1484

Merit: 928

Quote from: seoincorporation on October 13, 2022, 09:45:28 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?

Let's me ask, if you decide to Reroll if the number you select is not close to the winning number will you be given opptunity to Reroll again or that's the last opportunity? Another question is that after the Reroll if the number that I chose is not close to the winning number will I be given 0.05 or I won't receive any amount? I think the answer to those two questions which I asked above will determine if I will work out with the 0.05 bitcoin, or I will still try my luck. But since it's giveaway and I didn't invest any amount then I believe it will be better if i just work away with the 0.05 bitcon because it's a free money to me.

Jemzx00

hero member

Activity: 1498

Merit: 547

Pugs are the best!

Quote from: Peanutswar on October 16, 2022, 02:05:53 AM

Quote from: GideonGono on October 15, 2022, 08:15:15 PM

Quote from: seoincorporation on October 13, 2022, 09:45:28 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 just split the prize since it is already a good amount of money and I could buy so many things from that prize.
I don't want to be consumed by my greed anymore just like what happens in the past either it is in gambling or at trading.
I used to aim for a higher profit and end up losing instead of gaining.

For me it is more ideal thing to do than getting greedy because we make another reroll there's a chance that you don't get the rewards instead of getting the half there's an assurance already that you are one of the winners. But of course if you are a risky taker another game of all or nothing to win the game.

Actually if the closest number will win the full amount then the most ideal choice is to re-roll. Imagine if you roll number from 1-7, you'll be able to win the whole amount since you'll be the closest number to it. Also, if you roll another 8, you can still receive a half prize. The only way you'll lose if you re-roll is when 9 or 10 will be rolled on and that's like 8/10 or 80% winning rate on you.

But still, without knowing the full context as well as the condition of the giveaway, we cannot fully decide wether to split it or to re-roll.

Peanutswar

legendary

Activity: 1666

Merit: 1222

Top Crypto Casino

Quote from: GideonGono on October 15, 2022, 08:15:15 PM

Quote from: seoincorporation on October 13, 2022, 09:45:28 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 just split the prize since it is already a good amount of money and I could buy so many things from that prize.
I don't want to be consumed by my greed anymore just like what happens in the past either it is in gambling or at trading.
I used to aim for a higher profit and end up losing instead of gaining.

For me it is more ideal thing to do than getting greedy because we make another reroll there's a chance that you don't get the rewards instead of getting the half there's an assurance already that you are one of the winners. But of course if you are a risky taker another game of all or nothing to win the game.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: seoincorporation on October 13, 2022, 09:45:28 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 think a re-roll is the right call in that case, in the best case scenario we will be able to plan ahead of any scenario which presents itself, but in the case you are presenting both players seemed to have agreed on a game in which they needed to exactly hit the number in order to win, so at least to me it makes no difference if one of them selected the number 1 while the other selected the number 9 and the actual number which comes out is 10, even if 9 is closer to 10 since that was not really part of the agreed rules then a re-roll is the fairest decision for both parties.

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

Quote from: seoincorporation on October 13, 2022, 09:45:28 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 just split the prize since it is already a good amount of money and I could buy so many things from that prize.
I don't want to be consumed by my greed anymore just like what happens in the past either it is in gambling or at trading.
I used to aim for a higher profit and end up losing instead of gaining.

Wakate

hero member

Activity: 1106

Merit: 535

fillippone - Winner contest Pizza 2022

Quote from: seoincorporation on October 13, 2022, 09:45:28 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?

This can be a difficult decision and can cause regret if we are not that careful of the step we are taking to win the overall amount of the price. For me, I will prefer sharing the fund 50 50 so that I can have the share of the money which can go a long way entirely. I am not a greedy person which will want a replay so he can be lucky if possible taking a big risk of 50 50 win or lose. There is not need of bothering myself out taking all the funds but sharing it with the other opponent is better for me so the two of us that smile as being so lucky.

xSkylarx

hero member

Activity: 2352

Merit: 594

Quote from: seoincorporation on October 13, 2022, 09:45:28 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 split the prize if the other winner also agrees to it. Winning on a giveaway with a mechanics like that has very low odds and is almost similar in winning on a lottery so I don't think there is someone that might want to reroll again if it will also happen to them unless he's really a greedy type of person. You would just lose an opportunity of making some quick bucks if you plan to roll again.

Maestro75

sr. member

Activity: 1960

Merit: 329

www.Artemis.co

It is a simple matter to decide in my judgement as I will want a split than roll again. We must know that gambling is a big risk of chance and may have a single winner after every 100 attempt. It is better to have half of a thing than none of it at all. Half loaf is better than none is the magic thought for me. What if I reroll and lose out completely, I will feel terribly bad about not accepting the half reward when it was offered.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: Jemzx00 on October 15, 2022, 09:36:39 AM

Quote from: crwth on October 14, 2022, 03:29:03 PM

I don’t get it. The winning number is 8. How is that a win for both of them when they didn’t pick the right one? It should be a reroll in my opinion. Doesn’t make sense that they deserve to win either of them. Is there a condition that isn’t mentioned here? Idk.

That's the thing, we don't have any idea of the condition for the giveaway which is for me the logical thing to do is to reroll as it seems that the closest number will be the winner in which OP has a very high chances of getting.

Indeed low amount is better than nothing. Every Saturday Eddie makes stream on Dlive and for final bonus code viewers are offered to gamble last big amount of bonus drop or take it on strawpool voting website. Majority of users go for let it ride and lose all amount. Depending on odds and game conditions decision of smart gamblers may change, it depends on overall situation, IMO.

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: seoincorporation on October 13, 2022, 09:45:28 AM

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?

That’s a free money already and to avoid conflict, I will go and split the prize. My partner can decide if he will continue to bet or just walk away like me. Though some bonuses or giveaways have a require wage amount, if they allow you to withdraw it then better but if not, I think you still need to follow their instructions until you get that free money. You should also communicate with your partner since it’s just a free money, there should be no conflict.

SirLancelot

hero member

Activity: 2618

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitinity on October 14, 2022, 02:38:18 AM

Quote from: seoincorporation on October 13, 2022, 09:45:28 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?

Every giveaway must have its own rules. For the case like you are talking about (a draw), I'm sure it is a common rule and most giveaway/contest/competition will split the prize if the result is a draw. However if there is no rule in the giveaway, I would prefer to split the prize as it is better than nothing. Re roll it means there is a chance for me to get the whole prize or get nothing. I'm pretty sure most people will choose to split it.

How can it be a draw when the winning number is 8? But the participants pick the wrong number. Maybe draw in a sense that both of them are a loser but anyway if I were to choose I will go with you and the majority which is to choose to share the prize to the other winner. Not only that it's more guaranteed but I will also feel happier that the other person have win the game because I am a type of person which is generous.

I always like to share everything I have even if I am not that rich enough. 0.05 btc is already a decent amount and I think I haven't received a single amount like that but I can only reach that amount if ill save every sats that I get and it takes a long time.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: FatFork on October 14, 2022, 01:40:50 PM

The question is not easy to answer and depends on several factors. For example, if the other participant wanted the prize as well, a tie might not be ideal for either party. In this situation, you may suggest a different set of rules that makes it clear that there's no need to re-roll.

I think the reward for rerolling is separated and not part of the prize pool since that's optional.

The giveaway guaranteed a prize for winners and that was fixed.

There should be no question of rerolling if originally, the whole pool also covers the supposed double rewards.

Jemzx00

hero member

Activity: 1498

Merit: 547

Pugs are the best!

Quote from: crwth on October 14, 2022, 03:29:03 PM

I don’t get it. The winning number is 8. How is that a win for both of them when they didn’t pick the right one? It should be a reroll in my opinion. Doesn’t make sense that they deserve to win either of them. Is there a condition that isn’t mentioned here? Idk.

That's the thing, we don't have any idea of the condition for the giveaway which is for me the logical thing to do is to reroll as it seems that the closest number will be the winner in which OP has a very high chances of getting.

Topic: Split the prize or Reroll? - page 5. (Read 2495 times)