x or 1000x

Reminds me of this story, I would have loved to hear Kenny tell it personally, he was one-of-a-kind himself as well. Search for "coin" to skip to the story.

Ken Uston in His Own Words - Gambling With An Edge

Interview with Ken Uston by Arnold Snyder(From Blackjack Forum Volume III #2, June 1983)© 1983, 2005 Blackjack Forum [On the evening of February 21, 1983 I met with Ken Uston at his San Francisco apartment. This is a transcription of the interview, which was taped.] Ken Uston on his Casino...
www.lasvegasadvisor.com
 
Last edited:
DragonFromTo said:
Reminds me of this story, I would have loved to hear Kenny tell it personally, he was one-of-a-kind himself as well.

The Coin Flip Scam That Fooled Uston - Gambling With An Edge

Flipped! The Coin Flip Gambling Scam by Dunbar(From Blackjack Forum XX #2, Summer 2000)© 2000 Blackjack Forum “You can flip the coin,” he said. “If I call it right, you give me $100. If I call it wrong, I’ll give you $1,000.” It was the winter of 1979-1980 in Atlantic City, and I had seen the...
www.lasvegasadvisor.com

Ken Uston in His Own Words - Gambling With An Edge

Interview with Ken Uston by Arnold Snyder(From Blackjack Forum Volume III #2, June 1983)© 1983, 2005 Blackjack Forum [On the evening of February 21, 1983 I met with Ken Uston at his San Francisco apartment. This is a transcription of the interview, which was taped.] Ken Uston on his Casino...
www.lasvegasadvisor.com

Search for "coin" in the second page
Click to expand...
A wasted time reading like wasted time reading your replies to a simple thread. Good day, dunce
 
ELTEXAN said:
A wasted time reading like wasted time reading your replies to a simple thread. Good day, dunce
Click to expand...

I think you may have thought I was kburjr when you posted this? :noidea:
 
DragonFromTo said:
I think you may have thought I was kburjr when you posted this? :noidea:
Click to expand...
Probably. It’s early and I got a lot of trash talking Argentines texting me this morning.
 
My initial thought is ~180,000
 
ELTEXAN said:
My initial thought is ~180,000
Click to expand...

I'm not a big gambler when it comes to guaranteed money. I'm the guy watching the game shows telling them to take the money when everyone else is saying keep going lol.
 
DragonFromTo said:
Right, the odds are 50-50 of winning a straight coin flip, but the coin flip also offers you a thousand times the return. As I said above, the expected value of the coin flip would seem to be 500 times higher than the guaranteed amount you're being offered. So I'm not clear on why you said earlier that you'd choose to take the guaranteed money if x was < 2 bucks. It seemed like you were answering/solving a different question/problem than the one that was asked.
Click to expand...
In hindsight, I was. My mistake.
 
Honestly I was kind of cracking up about this question last night as I was getting ready for bed because I started thinking about dark and funny conversations.

"Hi honey, I brought that green tea that you like, maybe the doctors will let you drink some of it later, that'll be fun! Listen, I figured out a way to get the money for the treatments, but then I had another thought. Wouldn't you love to have a thriving craft store to come back to and help me manage after you've kicked the shit out of cancer? And you'd own some of it, I mean most of it would be mine but there's a piece just for you too, or I guess your estate maybe. That would probably cost what, less than a thousand times the cost of the treatments, don't you think? Anyway, I'm gonna leave this book about probability on your bed and we can talk more when you're done resting. Love you!"
 
Kburjr said:
In hindsight, I was. My mistake.
Click to expand...

On first reading I thought that the question was asking about 1,000 separate coin flips, each of them for $x (or nothing). It happens. :thumb:
 
Need more input
 
You must log in or register to reply here.
Back
Top