Guaranteed to get $1 million or 50% chance of getting $1 billion

[jamesbwbevis]

1*1,000,000 = expected payout of 1,000,000.

0.5*1,000,000,000 = expected payout of 500,000,000

Flip that coin mother****er.

pls tell me what difference the expected payout makes when you end up with nothing?

[5x10]

pls tell me what difference the expected payout makes when you end up with nothing?

its the chance of never ever having to worry about money vs a nice cushion
Even with a million, you couldn't retire

[Brad155]

pls tell me what difference the expected payout makes when you end up with nothing?

1,000,000 dollars would be the difference.

[thercias]

pls tell me what difference the expected payout makes when you end up with nothing?

can already tell you ain't gonna make it son. people arent million and billionaires taking the safest, easiest path possible. they had to take risks to build their success. i see a very mediocre and uneventful life in your future.

[BorrachoDamor]

Where on earth is it written that if you take the million you have to attempt to live off of it? Guaranteed that money would last a lifetime and I'd end up retiring early probably in 40s when I felt like it.


And I'm never having kids so that isnt a consideration for me, but I for one would have killed my parents if they took that kind of risk and lost. Thats retirement they just gambled away.

So work for another 20 years (assuming I'll retire around 45) or take a 50/50 shot at never working aGain?? I'll take the gamble since I plan to retire at 40 anyways

[dgd2]

Easily the billion but that's because I don't really feel like the million will make that big of an impact on my life in the grand scheme of things. I will most likely have a pretty good job once I graduate from med school. If I was dirt poor and needed the cash or risk my family living on the streets then yeah I'd take the million. But if I did take the million all I would be thinking to myself is that I wish I had more because while it's a lot of money it's not enough to set me up for life while if I had a billion I could set my future generations up for life.

[jamesbwbevis]

its the chance of never ever having to worry about money vs a nice cushion
Even with a million, you couldn't retire

You wouldnt retire immediately but you'd be well on your fuking way, way further than you would be with nothing

[SuperDick1234]

it depends on what the 50% chance is base on. a coin flip? idk id have to think about that but i think id take the million

[invrlose123]

can already tell you ain't gonna make it son. people arent million and billionaires taking the safest, easiest path possible. they had to take risks to build their success. i see a very mediocre and uneventful life in your future.

The biggest reason for financial failure is not properly mitigating risk.

[IMakeWebsites]

you guys, i already won this thread. pg 2

gg
/thread

Billion.

Would bankroll the option with a millionaire already. He pays me $1M for the chance. IF we win the billion, He gets $250M for his $1m investment/bankroll. So I'd have $751M.

If I lose, I still have the $1M. He loses his bankroll but that's business! Any multi millionaire would take that chance in a heartbeat (50% chance of multiplying your investment by x250 with the flip of a coin).

lrn2entrepreneur

[jamesbwbevis]

can already tell you ain't gonna make it son. people arent million and billionaires taking the safest, easiest path possible. they had to take risks to build their success. i see a very mediocre and uneventful life in your future.

There is a difference between risk and stupidity and I'm smart enough to see the difference. Don't justify greed by calling it smart risk taking, it isnt.

Getting a check for a million dollars is a once in a lifetime thing, I just dont see how any normal person pisses that away for a coin flip

[SuperDick1234]

You wouldnt retire immediately but you'd be well on your fuking way, way further than you would be with nothing

the huge majority of people dont even make a million dollars in their ****ing life time. LOL at anyone who says thatyou cant retire with a milli in the bank account. pls go with that bull ****

[jamesbwbevis]

So work for another 20 years (assuming I'll retire around 45) or take a 50/50 shot at never working aGain?? I'll take the gamble since I plan to retire at 40 anyways

only on the fuking misc. If you're planning to retire at 40 you already have some master plan to be financially very well off, so you may as well go the billion. for the average person though, who will have no chance at this kind of money ever they better take that million

[BorrachoDamor]

you guys, i already won this thread. pg 2

gg
/thread

Realistically that's what I would do but then this thread wouldn't be fun lulz.

[5x10]

the huge majority of people dont even make a million dollars in their ****ing life time. LOL at anyone who says thatyou cant retire with a milli in the bank account. pls go with that bull ****

you act like people wouldn't change their quality of life
More often than not, they will

[d3fc0n]

Billion ez

Think: would you choose a guaranteed $1 or 50% chance for 1k?

[basshead444]

can already tell you ain't gonna make it son. people arent million and billionaires taking the safest, easiest path possible. they had to take risks to build their success. i see a very mediocre and uneventful life in your future.

Calculated risks. There is a big difference there. They held back when they couldnt afford to lose, and were willing to put up extra when they could. Going in blindly and putting everything on one hand (just like this scenario) are why casinos make so much money off suckers. It takes a specific combination of treading safely, and taking risks. If life was 100% about taking every risk you could, every jackass who had zero self control would be a millionaire instead of prison.

Billion ez

Think: would you choose a guaranteed $1 or 50% chance for 1k?

50% chance for 1k. Why? Because in my situation, losing a dollar wouldnt affect me much, but an extra grand could come pretty handy. However, if I were in some dirt poor country where the cost of living was like 10 cents a year, I would probably choose the guaranteed dollar.

The way I see it, is in my current situation, could I afford to take a loss of the guarantee? If I can, then Ill take the chance; if not, Ill take the guaranteed amount.

[BorrachoDamor]

only on the fuking misc. If you're planning to retire at 40 you already have some master plan to be financially very well off, so you may as well go the billion. for the average person though, who will have no chance at this kind of money ever they better take that million

Not really a plan honestly I just fell into it.

Anyways imagine waking up in a yacht with a pet monkey in his own room, that alone is worth the 50/50 risk srs.

[buyerofmtg]

I'm not a gambler but this isn't a hard choice at all. You have go for the 1 billion.

I'd give a majority of that money away if I won to make thousands of people's lives better. I could personally give all of my close family and friends a million each and change their lives.

If I don't win at all... Well I don't have the safety net that I never had anyways.

I would also get a backer. Someone who would guarantee me 10 million if I took the coin toss and loss. If I won Id give them 100 million.

[thercias]

There is a difference between risk and stupidity and I'm smart enough to see the difference. Don't justify greed by calling it smart risk taking, it isnt.

Getting a check for a million dollars is a once in a lifetime thing, I just dont see how any normal person pisses that away for a coin flip

taking smart risks is about calculation. a 50% chance for 1000x more money is a smart risk taking. if you lose the bet, it's not the end of the world. sure the 1 million would be nice, but it's not life changing, if you work hard you can pass that eventually. $1 billion dollars is living life in god mode, never having to work another day in your life, being able to do whatever the fuk you want, etc etc. there's no way I can live soundly at night thinking "what if" after I passed up that opportunity.

[jamesbwbevis]

Calculated risks. There is a big difference there. They held back when they couldnt afford to lose, and were willing to put up extra when they could. Going in blindly and putting everything on one hand (just like this scenario) are why casinos make so much money off suckers. It takes a specific combination of treading safely, and taking risks. If life was 100% about taking every risk you could, every jackass who had zero self control would be a millionaire instead of prison.

Exactly this. This scenario is equivalent to winning 1mil at a casino then going all or nothing on one roulette spin. You'd have to be a fool.

[jamesbwbevis]

taking smart risks is about calculation. a 50% chance for 1000x more money is a smart risk taking. if you lose the bet, it's not the end of the world. sure the 1 million would be nice, but it's not life changing, if you work hard you can pass that eventually. $1 billion dollars is living life in god mode, never having to work another day in your life, being able to do whatever the fuk you want, etc etc. there's no way I can live soundly at night thinking "what if" after I passed up that opportunity.

bold is a ridiculous statement and how I know I'm on the misc. $1million is absolutely life changing and the great great majority of people cannot save up that kind of money in a lifetime let alone get it in lump sum.

I'm sorry but if you get $1million and all you can do is regret not risking it you have issues.

You know what would keep me up at night? Knowing I pissed away financial freedom and security for a roll at the dice that I lost

[SuperDick1234]

you act like people wouldn't change their quality of life
More often than not, they will

that really doesnt matter. if some one is doing alright with themselves and not financially drowning its going to be the same thing except at a higher level. if i had a million dollars me and my family would be set until the day i die and im making sure not a penny is left after i am dead

[notsrsbrah]

Billion ez

Think: would you choose a guaranteed $1 or 50% chance for 1k?

coz $1 = $1million... lol strong logic

[Laverna]

you guys, i already won this thread. pg 2

gg
/thread

And I posted a better version of that half an hour before you, potato.

[Hendlefe]

Easy choice. $1 billion 50%. I already have the means to make a million. But the billion is something I cannot do in my lifetime.

[thercias]

Calculated risks. There is a big difference there. They held back when they couldnt afford to lose, and were willing to put up extra when they could. Going in blindly and putting everything on one hand (just like this scenario) are why casinos make so much money off suckers. It takes a specific combination of treading safely, and taking risks. If life was 100% about taking every risk you could, every jackass who had zero self control would be a millionaire instead of prison.

you dumbass this is a calculated risk. the worst thing that could happen is you leave with no net gain or loss. comparing this to a casino that doesn't operate with 50% odds and only a 2x maximum return is ridiculous. this bet is offering a 50% chance for 1000x return. please tell me a casino that offers those same odds and i'll gladly bet my house on it. living life with 1 billion dollars is DRASTICALLY different than living life with a mere million, sure it'd be nice to live with a million but you still have to work the rest of your life, and won't have the luxury and power someone with a billion has.

[jamesbwbevis]

Easy choice. $1 billion 50%. I already have the means to make a million. But the billion is something I cannot do in my lifetime.

congratulations you are the 1%.

The great majority of people cant even dream of having one million dollars. its those people who I would call foolish for not taking the money

[Jerma]

tough choice.

both are life changing but 1 bil would set you up for life, if you lose though you would never forgive yourself... now if it were 10 mil or even 5 mil vs 1 bil 5 million would be an easier choice.

with the right life style and proper investment strategies 1 min could set you up for life too

[jamesbwbevis]

you dumbass this is a calculated risk. the worst thing that could happen is you leave with no net gain or loss. comparing this to a casino that doesn't operate with 50% odds and only a 2x maximum return is ridiculous. this bet is offering a 50% chance for 1000x return. please tell me a casino that offers those same odds and i'll gladly bet my house on it. living life with 1 billion dollars is DRASTICALLY different than living life with a mere million, sure it'd be nice to live with a million but you still have to work the rest of your life, and won't have the luxury and power someone with a billion has.

People keep comparing 1billion to 1 million but fail to compare 1 million to zero. Funny.

No net gain or loss is a retarded way to look at it, that could be used to justify any risk of this nature. brb passing up 500 million for a chance at 1 biillion because if I lose no net lose herp derp.

And again, when you say things like "mere million" I just dont get it. Money is not relative, it is absolute. 1 million dollars is a fuk ton of money.

and LOL at betting your house on a coin flip. stupid