1 Million guaranteed or 50% chance of 100 Million?

  • Poll
    • Red or Green?

      • 39
        Red
        58%
      • 28
        Green
        42%
      Total: 67 Votes
  • 82 replies
    • CallumN
      CallumN
      Bronze
      Joined: 04.01.2012 Posts: 1,141
      Snap take the 50% ainec.

      The EV of button 1 is $1m and the EV of button 2 is $50m.

      Easy game
    • Salivanth
      Salivanth
      Bronze
      Joined: 01.01.2011 Posts: 587
      Agreed, though 2 million dollars is not worth twice as much to me as 1 million dollars, so if the second button was 50% of 2.2 million, I would pick the former, despite being less EV. EV calculations matter when you have the BRM to back it up, so if I had 25-30 million in the bank I'd choose the 50% of 2.2 million :)
    • CallumN
      CallumN
      Bronze
      Joined: 04.01.2012 Posts: 1,141
      Yeh I think 50% of 10m would be tougher.

      Wouldnt matter either way. I would still be dead before I spent all of it after a huge coke and hooker binge.
    • Arron63
      Arron63
      Bronze
      Joined: 08.01.2011 Posts: 86
      I'd press the red button.

      Reason: Green button is rigged :f_biggrin:
    • vonki
      vonki
      Coach
      Coach
      Joined: 18.03.2008 Posts: 6,091
      At first I thought "hah, well thats easy... green button!!"

      but if it was for real, id probably end up pushing the red button. $1m would last me a lifetime, and im not sure I would be happy about the way my life could/would end up like if I had $50m... :f_ugly:
    • Krishjanis
      Krishjanis
      Bronze
      Joined: 04.01.2010 Posts: 977
      Going for instant 1m$, with just a click I could make my life awesome.
      100m$ sounds good, but if you don't get it you will constantly go back thinking that you could have 1m$ right now.
    • UPAY4DINNER
      UPAY4DINNER
      Bronze
      Joined: 27.09.2009 Posts: 21,921
      Originally posted by vonki
      At first I thought "hah, well thats easy... green button!!"

      but if it was for real, id probably end up pushing the red button. $1m would last me a lifetime, and im not sure I would be happy about the way my life could/would end up like if I had $50m... :f_ugly:
      This, this and this!
    • CallumN
      CallumN
      Bronze
      Joined: 04.01.2012 Posts: 1,141
      Nits ITT
    • UPAY4DINNER
      UPAY4DINNER
      Bronze
      Joined: 27.09.2009 Posts: 21,921
      Originally posted by CallumN
      Nits ITT
      Have to have a decent balance or we'd all be degens :P
    • CallumN
      CallumN
      Bronze
      Joined: 04.01.2012 Posts: 1,141
      A frequent one we have between friends.

      You have just shipped a EPT or something for like €500k. The casino offers you 50-1 on a number on roullete. How much do you punt?

      4 digit numbers confirm nit status imo
    • UPAY4DINNER
      UPAY4DINNER
      Bronze
      Joined: 27.09.2009 Posts: 21,921
      Zero as I'm already upstairs throwing €500k around my hotel room!

    • NightFrostaSS
      NightFrostaSS
      Bronze
      Joined: 25.10.2008 Posts: 5,255
      I'd take red, guaranteed money independence for the rest of my life is good enough
    • Schnitzelfisch
      Schnitzelfisch
      Bronze
      Joined: 08.11.2008 Posts: 4,952
      The biggest mistake that you could do is get $1m and spend it like a famous person on nice cars, boats, etc... You would pretty soon lose it all (like lottery winners do). You need about $30m for that lifestyle at least.

      $1m isn't all that much you know... of course it's a nice amount of money, but far from enabling you to live a luxurious life.

      Therefore, if you wanted to live a very luxurious life, gambling on $100m would be better IMO.

      However, if you just want to travel a lot without having any materialistic needs, $1m is still plenty of course so that kind of person should choose that.

      I would probably go with the $100m as well because if I did win that, I could help the people around the world way more than with $1m.

      As for the banks and interest rates... Inflation pretty much negates those, so putting money in the bank will just enable you not to lose all that money, not really gain you any :D .
    • VorpalF2F
      VorpalF2F
      Super Moderator
      Super Moderator
      Joined: 02.09.2010 Posts: 8,901
      Red.
      Then turn it into 50
    • UPAY4DINNER
      UPAY4DINNER
      Bronze
      Joined: 27.09.2009 Posts: 21,921
      Originally posted by Schnitzelfisch

      $1m isn't all that much you know...

      Not sure if serious here! $1m would change anybody's life. They don't have to go spend $300k on a flashy car. Buy/build a house, have a nice holiday, an affordable car. And enjoy having the security of not having to struggle for the rest of your life!
    • i5bet72o
      i5bet72o
      Bronze
      Joined: 17.06.2010 Posts: 1,615
      Probally red tbh but I would feel kina bad for giving up $49 million $EV
    • Kyyberi
      Kyyberi
      Coach
      Coach
      Joined: 09.07.2010 Posts: 10,507
      Well anyone who says that they would go for the green button are either very rich or lying. They just might not know it yet.

      1 Million is a life changing amount of money. For most of us, it would solve a lot of real life problems. Green one has better EV, but then again with the red button you can't lose. I don't think I could really live with it if I chose the green and failed. I would be thinking for the rest of my life

      "I had 1 million. I could have paid my mortage, help my parents, and generally have a solid financial foundation for the rest of my life. But I got greedy, and tried to flip for 50 millions. Now I have none, I threw million away."

      I would be VERY surprised if anyone who doesn't have financial indepency chooses the green button in real situation.
    • UPAY4DINNER
      UPAY4DINNER
      Bronze
      Joined: 27.09.2009 Posts: 21,921
      Originally posted by Kyyberi
      Well anyone who says that they would go for the green button are either very rich or lying. They just might not know it yet.

      1 Million is a life changing amount of money. For most of us, it would solve a lot of real life problems. Green one has better EV, but then again with the red button you can't lose. I don't think I could really live with it if I chose the green and failed. I would be thinking for the rest of my life

      "I had 1 million. I could have paid my mortage, help my parents, and generally have a solid financial foundation for the rest of my life. But I got greedy, and tried to flip for 50 millions. Now I have none, I threw million away."

      I would be VERY surprised if anyone who doesn't have financial indepency chooses the green button in real situation.
      Thank you!
    • CallumN
      CallumN
      Bronze
      Joined: 04.01.2012 Posts: 1,141
      The way I see it. The difference between my current standard of living and that of having $1m is much smaller then the difference $100m would make.

      Option 1 I live a better then average life for maybe 5-10 years, but option 2 I live like a absolute boss for the rest of my life