Coin flip for 1000 x $$$

ELTEXAN

ELTEXAN

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Bookie:
$ 40,000.00
Option A: Take $(x)
Option B: coin flip for 1000 times $(x)

What’s the minimum (x) where you take option A?

Note: you’re not betting any of your own money here.

Eg, if x = $1, I’m definitely taking B.
But if x = $10 million, I’m definitely taking A.

Whats the minimum amount where you choose A?
 
ELTEXAN said:
Option A: Take $(x)
Option B: coin flip for 1000 times $(x)

What’s the minimum (x) where you take option A?

Note: you’re not betting any of your own money here.

Eg, if x = $1, I’m definitely taking B.
But if x = $10 million, I’m definitely taking A.

Whats the minimum amount where you choose A?
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If I don’t have to put anything up let it rip.

If I’ve got skin in the game then I damn sure need to know X but I’ll risk 1K to win 1mm on a 50/50 chance.
 
Wild Turkey said:
If I don’t have to put anything up let it rip.

If I’ve got skin in the game then I damn sure need to know X but I’ll risk 1K to win 1mm on a 50/50 chance.
Click to expand...
The question is “what is the minimum amount where you would start choosing Option A”?
 
Financially, I'm fine so taking an amount that just makes me a little more fine in this situation wouldn't make much sense to me. Needs to be life changing so probably a cool million would be my minimum
 
fishinabarrel said:
Financially, I'm fine so taking an amount that just makes me a little more fine in this situation wouldn't make much sense to me. Needs to be life changing so probably a cool million would be my minimum
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You’d risk $990K? Damn, bro.
 
ELTEXAN said:
You’d risk $990K? Damn, bro.
Click to expand...

That would be the problem. How close to a million do I consider a million and does whoever is offering it treat it like a game show where they find that limit and the negotiate just a little under.

Something tells me id let myself get talked down
 
ELTEXAN said:
Option A: Take $(x)
Option B: coin flip for 1000 times $(x)

What’s the minimum (x) where you take option A?

Note: you’re not betting any of your own money here.

Eg, if x = $1, I’m definitely taking B.
But if x = $10 million, I’m definitely taking A.

Whats the minimum amount where you choose A?
Click to expand...

Do you have this discussion every year at the Thanksgiving dinner table or something?

x or 1000x

Option A: Take $(x) Option B: Flip a coin for 1000 times $(x) What’s the minimum (x) where you take option A?
hooplanation.com

Exactly one year ago :wink:
 
DragonFromTo said:
Do you have this discussion every year at the Thanksgiving dinner table or something?

x or 1000x

Option A: Take $(x) Option B: Flip a coin for 1000 times $(x) What’s the minimum (x) where you take option A?
hooplanation.com

Exactly one year ago :wink:
Click to expand...

Yeah, I thougt I recognized this thread as :badmin:
 
Eight dollars.
 
The question is more rightly put as what do you consider throw away money. Once x$ is given to you it becomes your money. You have a one time chance at a 1000 to one payout at 50/50 odds. If you lose the flip, you also lose the original x$.

At my age, my investments(bets) are in sure things that don't risk capital. Although this seems like a no Brainer to always take the flip, just remember that half of the player are broke after the flip.
 
I think this is an interesting thought.
My 1st thought is this isnt an over/under question.
think at a low number (different for each person) you automatically flip. If you lose so what doesnt change anything in your life.
then when you get to a certain Number it isnt really worth chancing. take the free money, but then as the Number gets higher, while would be nice to get a free bunch of money, if you win you are set for life. & you may decide to flip again.

So to me low Number flip
a bit more dont flip take the cash since you arent quitting your job, then higher yet go for it!

so unless you are a flip no matter what guy, what is the middle ground you wouldnt flip?
Someone wanted to give me 1000 bucks or a 50/50 chance at a million. I am flipping.
Hell even 10 grand I am flipping.
Ahh hell. The more I think about it, I probably would ignore the middle ground.
100k I would have to consider taking the cash, but honestly dont know what my decision would be.
250k I am definitely taking the cash
 
Schmoopy1000 said:
I think this is an interesting thought.
My 1st thought is this isnt an over/under question.
think at a low number (different for each person) you automatically flip. If you lose so what doesnt change anything in your life.
then when you get to a certain Number it isnt really worth chancing. take the free money, but then as the Number gets higher, while would be nice to get a free bunch of money, if you win you are set for life. & you may decide to flip again.

So to me low Number flip
a bit more dont flip take the cash since you arent quitting your job, then higher yet go for it!

so unless you are a flip no matter what guy, what is the middle ground you wouldnt flip?
Someone wanted to give me 1000 bucks or a 50/50 chance at a million. I am flipping.
Hell even 10 grand I am flipping.
Ahh hell. The more I think about it, I probably would ignore the middle ground.
100k I would have to consider taking the cash, but honestly dont know what my decision would be.
250k I am definitely taking the cash
Click to expand...
Pick a number, fool.

I initially answered 180k. I’m sticking with that.
 
ELTEXAN said:
Pick a number, fool.

I initially answered 180k. I’m sticking with that.
Click to expand...
I am still thinking

This is some serious shit to think about!
I have it down to between 100k & 250k so I might end up around your Number. Quit pressuring me! :heh:
 
chevy-chase.gif
 
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