Would you play 10% for 3 round or 30% for 1 round?

jk_14

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Quote from: Bezobraznike on August 07, 2017, 08:31:55 AM

With $30 I can make many bets on sport, but if I need to choose from your example then I would chose 3 bets each 10$ worth. I think like that I
will have more chances to make some good profit, and with less risk. Just one bet without money for making new after that one is all-in, and I do
not like all-ins especially. I would choose the same with other gambling games, I mentioned sports cause that is my favorite.

Sports are different from "classic" gambling that is pure chance. If you are very well informed about the sport that you are placing your bets with, you can actually end up making money by outplaying the other betters. In that case it's always best to spread out the bets over more games.

mrcash02

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High risk only if you have a big bankroll to cover the losses and survive for more time in game until the profit comes. Most preferable to choose highest chance to win, less profit multiplier. For one round you mean 1 bet only? It never worth in Dice, you must be prepared to play several times because the Win can take some time to happen.

nidacoinlove

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Quote from: ralle14 on August 06, 2017, 03:29:19 AM

I don't get it why is the reward so low if you have $30 split then it in to 3 rounds then you'll have $10 per bet the reward should be at $100 or am i missing something there. Both sounds like a bad deal but if I had the choice it would be the 10% because risking to win 33% of your money by going all in is not a good idea.

Yes I agree with you the reward should be 100%. If people talk about getting rich in gambling how could someone become rich with this much small rewards?
I guess the reward in gambling should be a minimum of100%. If it is less than that then it is useless and is just a waste of time. If you are gambling for the purpose of earning you should go for high rewards.

janedt

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Quote from: puremage111 on August 06, 2017, 03:38:25 AM

Quote from: ralle14 on August 06, 2017, 03:29:19 AM

I don't get it why is the reward so low if you have $30 split then it in to 3 rounds then you'll have $10 per bet the reward should be at $100 or am i missing something there. Both sounds like a bad deal but if I had the choice it would be the 10% because risking to win 33% of your money by going all in is not a good idea.

Yeah i just made up the numbers xd

If you were to bet, would you play low risk low reward or high risk high reward? Perhaps if we have 100%, what would be your optimal % for it?

I choose high risk high rewards because it still same, in the end you will lose all your money lmaoo. Just make it faster, bet $30 if it win we continue betting and if we lose we out, same like $30 split to 3 rounds. I always not lucky when it comes into gambling, so it's no matter which one that i choose.

Shutup

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Quote from: puremage111 on August 05, 2017, 09:25:07 PM

If you have $30

10% reward = $50

30% reward = $10

1) Which would you do?

2) Is the chance of 10% x 3 and 30% same? If it is different, which one would be a better choice?

I choose to bet 39% because when I am lose I have some more 20$to bet for success.And have a chance ro earn some more.Sometimes gambling is the hope to produce money at a time.But be ready to be a loser and a winner that in this life thers no assurance of everything but it depends on how you decide your life for your future success.

sasaku bitbit

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I will take a 30% chance of winning, and winning with a low bet I'm luckier with high chances of winning the second different bets, odds and strategy depends on the help of gamblers, the two ways that you can make a profit, but for me, so I make more with a high chance of winning bets

Bezobraznike

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With $30 I can make many bets on sport, but if I need to choose from your example then I would chose 3 bets each 10$ worth. I think like that I
will have more chances to make some good profit, and with less risk. Just one bet without money for making new after that one is all-in, and I do
not like all-ins especially. I would choose the same with other gambling games, I mentioned sports cause that is my favorite.

jk_14

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Quote from: bajing on August 07, 2017, 07:31:46 AM

Quote from: MinerHQ on August 06, 2017, 09:00:06 PM

Quote from: xuan87 on August 06, 2017, 06:25:39 PM

I prefer slow with more winning chance, so I will take 30% winning chance, betting with low winning chances is not my style and I got more luck with high winning chance, the chances of both bet is different and the strategy is depends on the gamblers favor, both of the ways can make a profit, but for me, I earn more with high winning chance betting

But based on my experience in gambling all these methods will not be lost for long. These methods may work for some time but after a while surely it will not work anymore. Since I usually gamble for fun so I will not go for all in one but will play with a smaller amount for a while to enjoy my free time. Anyway, I know the end result so I prefer to lose slowly instead immediately.

I think using the method that you mean it can not be used in this game, it's true playing slowly can increase our chance to win because it means we already know that not to rush to gamble but the result is still determined by luck.

Playing slow does not increase your chances of winning when it comes to gambling. It doesn't matter whether you play 100 games with 1% bets or 1 game with a 100% bet, the end-result will be the same on average.
Depending on the mentality of the player, one or the other playstyle will be more fun though. Some people like to "go big or go home", while others prefer to just play for prolonged amounts of time.

bajing

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Quote from: MinerHQ on August 06, 2017, 09:00:06 PM

Quote from: xuan87 on August 06, 2017, 06:25:39 PM

I prefer slow with more winning chance, so I will take 30% winning chance, betting with low winning chances is not my style and I got more luck with high winning chance, the chances of both bet is different and the strategy is depends on the gamblers favor, both of the ways can make a profit, but for me, I earn more with high winning chance betting

But based on my experience in gambling all these methods will not be lost for long. These methods may work for some time but after a while surely it will not work anymore. Since I usually gamble for fun so I will not go for all in one but will play with a smaller amount for a while to enjoy my free time. Anyway, I know the end result so I prefer to lose slowly instead immediately.

I think using the method that you mean it can not be used in this game, it's true playing slowly can increase our chance to win because it means we already know that not to rush to gamble but the result is still determined by luck.

matchi2011

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Quote from: puremage111 on August 05, 2017, 09:25:07 PM

If you have $30

10% reward = $50

30% reward = $10

1) Which would you do?

2) Is the chance of 10% x 3 and 30% same? If it is different, which one would be a better choice?

It would depend on my mood at that time. If i'm not really up to gamble, i'd place the one time bet. If i'm in the mood, probably i'd take it a bit slower but more. That would give me more time to think of a strategy on how to play my funds.

Oilacris

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Quote from: puremage111 on August 05, 2017, 09:25:07 PM

If you have $30

10% reward = $50

30% reward = $10

1) Which would you do?

2) Is the chance of 10% x 3 and 30% same? If it is different, which one would be a better choice?

I will go for 30% chance on winning than on 10%.. Rewards might be small but winning chance is much more better for me but on this kind of gaming style you would need to have big bankroll.Im not really lucky on hitting 10% chance even on 30% because i do usually play up on 2x payout which is 49% less.I wont try this method to find out which is better for me.

Caladonian

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Quote from: MinerHQ on August 06, 2017, 09:00:06 PM

Quote from: xuan87 on August 06, 2017, 06:25:39 PM

I prefer slow with more winning chance, so I will take 30% winning chance, betting with low winning chances is not my style and I got more luck with high winning chance, the chances of both bet is different and the strategy is depends on the gamblers favor, both of the ways can make a profit, but for me, I earn more with high winning chance betting

But based on my experience in gambling all these methods will not be lost for long. These methods may work for some time but after a while surely it will not work anymore. Since I usually gamble for fun so I will not go for all in one but will play with a smaller amount for a while to enjoy my free time. Anyway, I know the end result so I prefer to lose slowly instead immediately.

exactly if you are not a heavy gamer and you are just sparing time maybe its much prefer to lose slowly giving you some time to think that you
are a master of that game but in reality you will just lose in the long run.

MinerHQ

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Quote from: xuan87 on August 06, 2017, 06:25:39 PM

I prefer slow with more winning chance, so I will take 30% winning chance, betting with low winning chances is not my style and I got more luck with high winning chance, the chances of both bet is different and the strategy is depends on the gamblers favor, both of the ways can make a profit, but for me, I earn more with high winning chance betting

But based on my experience in gambling all these methods will not be lost for long. These methods may work for some time but after a while surely it will not work anymore. Since I usually gamble for fun so I will not go for all in one but will play with a smaller amount for a while to enjoy my free time. Anyway, I know the end result so I prefer to lose slowly instead immediately.

xuan87

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I prefer slow with more winning chance, so I will take 30% winning chance, betting with low winning chances is not my style and I got more luck with high winning chance, the chances of both bet is different and the strategy is depends on the gamblers favor, both of the ways can make a profit, but for me, I earn more with high winning chance betting

Kimi80

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Quote from: puremage111 on August 06, 2017, 03:38:25 AM

Quote from: ralle14 on August 06, 2017, 03:29:19 AM

I don't get it why is the reward so low if you have $30 split then it in to 3 rounds then you'll have $10 per bet the reward should be at $100 or am i missing something there. Both sounds like a bad deal but if I had the choice it would be the 10% because risking to win 33% of your money by going all in is not a good idea.

Yeah i just made up the numbers xd

If you were to bet, would you play low risk low reward or high risk high reward? Perhaps if we have 100%, what would be your optimal % for it?

I used to play low risk low reward style and have to say that wasn't able to gain profit. In some point a surprise happens and you lose cash that you won. You are at the beginning. I haven't try yet but I soon will, to play progressive betting tactic.
Three times placing bet on small odds, every next bet with base money and profit. After third time I withdraw earnings and starting betting again with amount that I started at first place. Might work.
With some kind of tactic and betting on low risk games I would decide on 20% of entire gambling stake. If anyone miss that and lose all money maybe shouldn't bet for wining anymore but only for fun. That's where high risk high reward comes on the scene Cheesy

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Quote from: puremage111 on August 05, 2017, 09:25:07 PM

If you have $30

10% reward = $50

30% reward = $10

1) Which would you do?

2) Is the chance of 10% x 3 and 30% same? If it is different, which one would be a better choice?

I don't get your choices but I'll assume about the risk. 10% reward does have higher risk since the amount will be higher = $50. As the 30% reward or should I say reward refers to chance, you'll get $10. Always small bounties will give you higher chance of winning but the higher bounties will be more difficult.

pixie85

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If the reward was relative to the risk, the bets are exactly the same. Meaning that if you bet 3 times with 10% of your money the risk and chances to win will be the same as betting 1 time with 30%. Like people above me already said the reward you proposed is too low, so iI think you just wanted to ask about the chances to win.

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Quote from: puremage111 on August 05, 2017, 09:25:07 PM

If you have $30

10% reward = $50

30% reward = $10

1) Which would you do?

2) Is the chance of 10% x 3 and 30% same? If it is different, which one would be a better choice?

If i wouldn't think about chances of winning and profit/risk ratio, i would go with one 30% bet, because sometimes i get frustuted with gambling so i want to stop it as fast as possible even if it would be much smarter to go with 3 best with 10% chance. I guess it is also more entertaining this way as you gamble for more time

maeusi

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Something is missing on your question:
You have 30$ for your bet and you ask, if you should play once with 30 percent chance or three bets with 10 percent chance.
What does second bet cost?
It is rewarded with 10$. If it costs 10$ you only get your bet back.
If it costs 30$, you lose independent from result.
I would choose option one. The chance to win 50$ with three throws is 30 percent (1/10 + 1/10 + 1/10). The chance to win 100$ in three throws is 3 percent (1/10*1/10*3) The chance to win 150$ in three throws is 0.1 percent (1/10*1/10*1/10).
So the winning chance in three throws is 33.1 percent.
The second option
The chance to win in one throw is 30 percent.

NorrisK

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Always play the one with the best odds.

If the odds of winning are the same, it all depends on your bankroll if you can sustain longer losing streaks with lower chance to win each time.

JL421

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It is totally different 10% chance you will lose more than you will win but 10% chance would be 9.9 multiplier amd 30% would be 3.3 multiplier. For 10% you can gamble 10 times and if you win one time you can get your moneyback for 3.3 you will have 3 chances to get your profit back. I wouls choose 10% as i get more chacnes and when i had gamble with 1% in 100 chances i always won once

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Quote from: puremage111 on August 05, 2017, 09:25:07 PM

If you have $30

10% reward = $50

30% reward = $10

1) Which would you do?

2) Is the chance of 10% x 3 and 30% same? If it is different, which one would be a better choice?

If the 10% rewards its less risk and 30% is high risk i think much better to choose 10% rewards since its gives you with less risk..
And i don't want to bet in 30% if the risk is high.. just like other gamblers who are betting slowly and they are not betting in high risk..
If you have a good strategy with 30% it will be the same result. so better to bet in 10% because the rewards is high and less risk..

betMaster

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I would rather play 10% for 3 rounds than 30% for one round round. I personally use this method when i gamble on sports because it's the safest and it's really working for me.

bering

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i would rather choose 30% reward = $10 because this is good options and 10% doesn't good looks good for me although all chance still depend on my luck but at least 30% will makes me last long in the game

BitcoinSupremo

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I prefer to try my luck thrice rather than trying only with one shoot although the prize is higher if you go all in for one spin. I prefer to have 3 spins as I have about 66% more chances to win rather than to spin only once at max bet. Courage is for the bold they say but bolds never have won in slot machines until now (I mean a really big prize like a mega jackpot) while people who divide their bankroll have won even big prizes like jackpots.

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Quote from: puremage111 on August 05, 2017, 09:25:07 PM

If you have $30

10% reward = $50

30% reward = $10

1) Which would you do?

2) Is the chance of 10% x 3 and 30% same? If it is different, which one would be a better choice?

10% chance to win 2.66X or 30% chance to win 1.33X?
It's like stealing money IMO Grin

How about option 3) Non of them?

bajing

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Quote from: puremage111 on August 05, 2017, 09:25:07 PM

If you have $30

10% reward = $50

30% reward = $10

1) Which would you do?

2) Is the chance of 10% x 3 and 30% same? If it is different, which one would be a better choice?

I would definitely choose to bet on 30%.
Although the chance to win the same but you must remember you have a chance 3 times because you have a capital of $ 30, indeed there is no guarantee to win but at least you do not lose money for one chance only.

milewilda

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Quote from: buwaytress on August 06, 2017, 03:44:02 AM

I'm going to assume that you did not get the numbers wrong here. Assuming your reward is profit. If so, then:

1. The reward for 10% does not match the risk. For a $10 wager at 10% chance, you should get roughly $80 profit (minus wager), depending on house edge.
2. The reward for 30% chance on a $30 wager should get you roughly $60 profit (minus wager).

So, Option 1 pays out $50/$80 = 0.625,
Option 2 pays out $10/$60=0.166.

To sum it up, both options you have give you really bad deals. Extremely high house edge? But the option with the least disadvantage is Option 1.

Nice calculation and i would really go into the option 1 since the disadvantage is really least than on the second one. House edge would really be bust this things out thats why no matter which way you would go results wont really be guaranteed. Option 1 is high risk since the chance was low but once you hit it,it will surely pay up minus with the HE.

Betwrong

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Quote from: puremage111 on August 06, 2017, 03:38:25 AM

Quote from: ralle14 on August 06, 2017, 03:29:19 AM

I don't get it why is the reward so low if you have $30 split then it in to 3 rounds then you'll have $10 per bet the reward should be at $100 or am i missing something there. Both sounds like a bad deal but if I had the choice it would be the 10% because risking to win 33% of your money by going all in is not a good idea.

Yeah i just made up the numbers xd

If you were to bet, would you play low risk low reward or high risk high reward? Perhaps if we have 100%, what would be your optimal % for it?

I prefer high risk high reward because thus you risk smaller amount. If you are lucky you win and it's a real pleasure to get high reward. And when you lose, you don't lose much. In other words, if you bet 1k satoshis with 0.1% win chance you get almost 0.01 BTC in case of winning and in case of losing you lose just 1k sats.

snowcrashed

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Quote from: puremage111 on August 05, 2017, 09:25:07 PM

If you have $30

10% reward = $50

30% reward = $10

1) Which would you do?

2) Is the chance of 10% x 3 and 30% same? If it is different, which one would be a better choice?

A better choice is to bet 30% for only one round. But in this situation, your percentages and your profits is not match, 10% on 30$ should have the profit of more than 250$, with 30% to win, the profit should be more than 50$. It's waste of time trying to bet with this shit

)

buwaytress

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I'm going to assume that you did not get the numbers wrong here. Assuming your reward is profit. If so, then:

1. The reward for 10% does not match the risk. For a $10 wager at 10% chance, you should get roughly $80 profit (minus wager), depending on house edge.
2. The reward for 30% chance on a $30 wager should get you roughly $60 profit (minus wager).

So, Option 1 pays out $50/$80 = 0.625,
Option 2 pays out $10/$60=0.166.

To sum it up, both options you have give you really bad deals. Extremely high house edge? But the option with the least disadvantage is Option 1.

puremage111

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Quote from: ralle14 on August 06, 2017, 03:29:19 AM

I don't get it why is the reward so low if you have $30 split then it in to 3 rounds then you'll have $10 per bet the reward should be at $100 or am i missing something there. Both sounds like a bad deal but if I had the choice it would be the 10% because risking to win 33% of your money by going all in is not a good idea.

Yeah i just made up the numbers xd

If you were to bet, would you play low risk low reward or high risk high reward? Perhaps if we have 100%, what would be your optimal % for it?

ralle14

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I don't get it why is the reward so low if you have $30 split then it in to 3 rounds then you'll have $10 per bet the reward should be at $100 or am i missing something there. Both sounds like a bad deal but if I had the choice it would be the 10% because risking to win 33% of your money by going all in is not a good idea.

puremage111

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If you have $30

10% reward = $50

30% reward = $10

1) Which would you do?

2) Is the chance of 10% x 3 and 30% same? If it is different, which one would be a better choice?

Topic: Would you play 10% for 3 round or 30% for 1 round? (Read 530 times)