Advanced search

More gambling questions

Everything from "Whats the best place to get a sandwich at Bellagio?" to "Damn, Shana Hiatt is FINE!".

Moderators: TightWad, LPF Police Department

Post a reply

More gambling questions

Postby Bosox1 » Tue Jan 16, 2007 12:02 pm

Lets say you have a fair 100 sided die. You get to roll it once and if you get any number 1-99 you double your money, if you roll the 100 you lose. How much do you bet?

Now say you have a fair coin. A neutral person will flip the coin. You call it in the air and will win 10x your bet if you win and lose your bet if you lose. You can only do this once. How much do you bet?
"No, 'The stripper's bouncer beat the shit out of me' is not an acceptable answer"
User avatar
Bosox1
 
Posts: 886
Joined: Wed Aug 09, 2006 4:13 pm
Location: Boston, MA
Top

Postby excession » Tue Jan 16, 2007 12:06 pm

Didn't you mean for the examples to have the same overall +EV (e.g. 1-90 win, 91-100 lose on the dice roll)?
User avatar
excession
Enthusiast (Online)
 
Posts: 3872
Joined: Tue Nov 09, 2004 3:52 pm
Location: manchester uk
Top

Postby Jarren » Tue Jan 16, 2007 12:09 pm

User avatar
Jarren
 
Posts: 1253
Joined: Thu Apr 07, 2005 9:39 am
Location: Minneapolis, MN
Top

Postby black_knight6 » Tue Jan 16, 2007 1:11 pm

User avatar
black_knight6
Semi Pro (Online)
 
Posts: 10012
Joined: Thu Jul 21, 2005 11:51 am
Location: Victoria BC
Top

Postby tunkpirate7 » Tue Jan 16, 2007 2:51 pm

User avatar
tunkpirate7
 
Posts: 490
Joined: Sun Apr 24, 2005 5:53 am
Top

Postby Bosox1 » Tue Jan 16, 2007 3:00 pm

"No, 'The stripper's bouncer beat the shit out of me' is not an acceptable answer"
User avatar
Bosox1
 
Posts: 886
Joined: Wed Aug 09, 2006 4:13 pm
Location: Boston, MA
Top

Postby excession » Tue Jan 16, 2007 3:23 pm

Wouldn't it be a better test of 'your gamble' if the EV was the same?
User avatar
excession
Enthusiast (Online)
 
Posts: 3872
Joined: Tue Nov 09, 2004 3:52 pm
Location: manchester uk
Top

Postby Dumb Snowman » Tue Jan 16, 2007 3:29 pm

For number 1 I would probably bet my parent's house.

Number two I'd prolly bet like 1k-2k
Partake in my bollocks, bloody chav!
User avatar
Dumb Snowman
Enthusiast (B&M & Online)
 
Posts: 2371
Joined: Sun Nov 14, 2004 10:57 pm
Location: Greensboro, NC
Top

Postby Danhdan » Tue Jan 16, 2007 4:45 pm

"Million dollar play, ten cent finish."

"My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives."

"Laugh and the world stares at you; cry, and the world stares at you."
User avatar
Danhdan
 
Posts: 3364
Joined: Mon Nov 08, 2004 7:04 am
Location: California
Top

Postby MVPSPORTS » Tue Jan 16, 2007 5:38 pm

User avatar
MVPSPORTS
 
Posts: 10141
Joined: Sun Mar 13, 2005 1:15 pm
Location: FT. LAUDERDALE, FL
Top

Re: More gambling questions

Postby Felonius_Monk » Tue Jan 16, 2007 6:08 pm

The Monkman J[c]

"Informer, you no say daddy me snow me Ill go blame,
A licky boom boom down.
Detective mon said daddy me snow me stab someone down the lane,
A licky boom boom down." - Snow, 1993
User avatar
Felonius_Monk
Semi Pro (B&M & Online)
 
Posts: 7243
Joined: Thu Nov 18, 2004 10:40 am
Location: Yorkshire, UK
Top

Postby Schuster » Tue Jan 16, 2007 7:58 pm

I'd sell everything I own and bet everything I have in both situations.

Lee
User avatar
Schuster
 
Posts: 784
Joined: Fri Sep 15, 2006 8:11 pm
Location: Pittsburgh
Top

Postby Bosox1 » Wed Jan 17, 2007 10:04 am

"No, 'The stripper's bouncer beat the shit out of me' is not an acceptable answer"
User avatar
Bosox1
 
Posts: 886
Joined: Wed Aug 09, 2006 4:13 pm
Location: Boston, MA
Top

Postby Bosox1 » Wed Jan 17, 2007 10:17 am

"No, 'The stripper's bouncer beat the shit out of me' is not an acceptable answer"
User avatar
Bosox1
 
Posts: 886
Joined: Wed Aug 09, 2006 4:13 pm
Location: Boston, MA
Top

Postby Schuster » Thu Jan 18, 2007 1:11 am

User avatar
Schuster
 
Posts: 784
Joined: Fri Sep 15, 2006 8:11 pm
Location: Pittsburgh
Top
Next
Post a reply

Return to LPF Community

Who is online

Users browsing this forum: No registered users and 3 guests

 

Who is online

In total there are 3 users online :: 0 registered, 0 hidden and 3 guests (based on users active over the past 5 minutes)
Most users ever online was 798 on Fri Jun 21, 2024 6:01 pm

Users browsing this forum: No registered users and 3 guests

LivePokerForum.com © 2012-2013