Split the prize or Reroll? - page 6.

Smartprofit

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Quote from: chaser15 on October 15, 2022, 06:21:13 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?

In slots or roulettes, there are sometimes options to reroll the win amount on that spin for a chance to make it double. Sometimes if the said win amount on that spin can't be hurt to lose, I always try my luck to gamble that amount.

In that situation you have shared, it's already BTC0.05 guaranteed prize and that was a giveaway. I don't know if someone has the guts to still pursue the full prize. It's already a sure win and should be grabbed right away.

From the point of view of the mathematical theory of probability, both options are beneficial to the player. The second option is essentially a continuation of gambling in order to maximize your winnings.

In roulette, you can also bet on red/black and win/lose with a 50 percent chance. At the same time, in the second option, there are no casino commissions (there is no zero sector).

In fact, everything here depends on the ambitions of the player.

Many people strive for a big win and do not want to be content with a small amount of money to win. It is reasonable.

ultrloa

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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?

If you have a chance to tale the win even if there is another winner then split the prize since this is opportunity already so you need to be contented on the result since if you reroll it then maybe you might lose a chance to win on next roll. So don't be greedy win is win even what figure it is maybe try your luck next time again and see if you can hit a solo win.

jakelyson

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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?

It depends on the agreed rule of the giveaway. None of them actually won because the winning number is 8. If the given rule is that the closest number wins, then it is obvious that it is better to split the prize than reroll. Otherwise, if it is a raffle and no one gets the prize, then it should be rerolled to be fair to others.

chaser15

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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?

In slots or roulettes, there are sometimes options to reroll the win amount on that spin for a chance to make it double. Sometimes if the said win amount on that spin can't be hurt to lose, I always try my luck to gamble that amount.

In that situation you have shared, it's already BTC0.05 guaranteed prize and that was a giveaway. I don't know if someone has the guts to still pursue the full prize. It's already a sure win and should be grabbed right away.

Smartprofit

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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?

Man is a social being. Man cannot live outside human human society. Therefore, socialization and communication are very important. Therefore, based on this, in this situation it is better to share the winnings with the opponent.

You will be connected with him by a common win, and then perhaps you will have common joint projects. Money is not the most important thing in life. New acquaintances with interesting people are much more important than money. Everything good and bad in life usually comes from other people.

Therefore, people need to communicate and contact.

Therefore, in this situation, I would not show such qualities of character as greed.

goinmerry

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Quote from: Mauser on October 15, 2022, 01:32:34 AM

0.05BTC is still an awesome winning amount of almost 1k USD today. No need to be greedy and get nothing in the end.

And in the end, we can still enjoy gambling by allocating our BTC0.05 to different purposes. We can take out BTC0.01 on our winnings and use it as a bankroll on our usual gambling. That's already a good amount to start with and if by luck, we can even double it with proper gambling and strategy.

No need to be greedy at all when the profit is already there. Grab it while it's hot instead of crying later because of eagerness to profit more.

Adbitco

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This is very simple if i happens to partake in it, i would definitely split the prize and walk away reason because whenever one applied greed then it bounces to stand a chance of losing everything when trying to reroll or rolling over. With the little prize i have i would give a distance for 24 hrs before trying anything silly again otherwise i may lost all although its giveaway but i won't is better going with half than nothing.

Mauser

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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?

Looks like I am part of the majority that would split the prize with the other gambler instead of rerolling. Usually I am very competitive, but when it comes to gambling I am all about sharing the profits. From my past experiences I know how hard and frustrating it can be to make a profit in gambling. If I have the chance to take a profit and quit then I would do so, if my fellow gambler also gets a profit from it it's great. This would also save from the case that I go for the reroll and lose, then the other user would get it all and I would feel terrible. 0.05BTC is still an awesome winning amount of almost 1k USD today. No need to be greedy and get nothing in the end.

michellee

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Splitting the prize would be an option for me because we don't need a Replay where we can't necessarily get the amount you mentioned. If each one can get their hands on the prize, 0.05BTC is good money as we will get it very rarely. We can also use that money to continue playing and maybe we can win even more money. It is the best option for gamblers who rarely get wins because they can use the money for other things, including gambling again.

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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?

Reroll for me, you are only 2 person now and I think both parties are fine to risk it all but that's on my point of view only, others may think it's enough at least you got some part of the win but there are individuals who have risky appetite too. Moreover, I think it should be clear the rule/s in the first place since this kind of scenario do happen.

harizen

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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?

Being selected as a part of the winner is already difficult in a giveaway therefore I need to grab that share of the pie instead of gambling it to get the full prize. Besides, BTC0.05 is already a good win for that giveaway without risking anything. With that amount, I can already diversify it on other things while still doing my gambling activity at the same time.

It's more regretful if I choose instead to reroll it and in the end, I will not get the full prize. In the event that there's a test after I claimed the half just to know the result of the reroll and I won that test, still the regrets are not that big compare to losing it all.

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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'll go for split the prize, it's already a big amount for me to take home and I would not think of gambling it away for a reroll besides I will be happy to share my prize with other participants if it's a small amount I would have changed my mind and let the lucky guy get the prize, I'm sure the majority of participants will be happy to get a piece of the giveaway.

Cling18

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It's better to take home a small profit with a grateful heart than take home nothing with a bitter and regretful feeling. I will definitely share the half with the other winner than to risk in rerolling again without any assurance that I can take home the prize. If given a chance to win, we better grab it than become too greedy because of too much expectation.

Mahanton

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Better take the half of prize rather than losing it on reroll, I personally go for splitting reward with second winner. If the chances are in my favor to win next roll I will consider gambling potential win. Just my 2 cents.

But no one really knows if you would win on possible re-roll but if you are that someone who do really stick out on guaranteed things then you would surely be that contented on split prize rather than losing those
amounts on possible re-roll.Well, this is a personal choice but the once who would really be making the final decision is on the organizer of said giveaway, whether he would be closing out via split prize
or would really be liking to see 1 winner.It would really be depending and as for someone who do only just look for some freebies or giveaways then there's nothing you can do
if the organizer will really be the one to make out on whatever decision it would be.

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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?

Haha, this is a tricky one, but based on my personal experience, I would rather have the price split and walk away with 0.05BTC, it better than nothing at all.

I am just imagining that, what if in the process of re-rolling to try to win the full price, the other party ends up winning and you have to walk away empty, you only gonna end up regretting and wishing you had a second chance to ask that the price be split instead of asking the game be re-roll3d.

crwth

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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.

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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?

It would make the most sense to have a mathematical understanding of the rules involved and it also relies on the upfront cost of the game. If it costs 0.05 to enter and the outcome is between two players, then you may as well re-roll or you'd be playing a useless game anyway. Presumably the house would only get paid if there was a successful winner and both players choose to re-roll in this situation. Would the odds change if one player is closer or further away from the winning number? It's a novel possible idea for a new game, but only it would rely on trusting the house that the other party is definitely a player and what would be the outcome of one player did not decide to re-roll.

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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.

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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?

Split the prize ofcourse. The simple reason being that by splitting you at least have the guarantee of getting half of the reward.
If you reroll there are chances that you might not win anything at all. Although there are equal chances of winning the full reward the opposite could happen too.
So basically on one side there's a guaranteed half reward and other side you get full reward but not guaranteed.
So I would definitely choose guaranteed half reward because something is better than nothing.

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Quote from: _act_ on October 14, 2022, 01:10:58 AM

What are the terms and conditions given about the giveaway? Anything like anyone that has a guess closer to the number would be given the reward? If no condition like that stated, no one wins between the two people because the winning is 8 while the guesses are 7 and 9, which mean no winner. If stated in their terms and conditions like that, another guess would be conducted for two close winners again. But this kind of thing is not likely to happen during this type of guess.

The closest numbers are probably one of the many conditions since they're given an option to split the prize if they prefer to do so but like you've said most giveaways have their own way to settle the situation whenever there are two or more winners.

Quote from: Bitinity on October 14, 2022, 01:38:18 AM

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.

Yup, and sometimes they'd have other rules like whoever joined first gets the priority. It's very rare to see giveaways or contests where there's no tiebreaker and the winners have to choose if they'd split or not. It does look like most of the responses are taking the split since the prize is still high enough for most of them.

Topic: Split the prize or Reroll? - page 6. (Read 2511 times)