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Cascade
Australia5405 Posts
Unless you are a professional gambler ofc, at which point you probably shouldn't take advice from a financial advisor on how much to bet on what. oh: and being angry about it just a sign of crappy personality and pushing blame onto others tbh. It was your choice to follow his advice, so don't blame him for your choices. | ||
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VelJa
France1109 Posts
I'm considering more and more this : I'm 28, i work since 7 years. I save some money, around 10k€ This money is just sleeping on a low classic 1.2% back account. What if .. I go to my city's casino, to the roulette, and putt 10K on the red ? I mean, I really think a lot about this. If I win, i 2x the money, If i lose, i lose money, this is really pretty bad i know, but this money i dont need it YET. | ||
The_Templar
your Country52798 Posts
On May 07 2015 19:18 VelJa wrote: Well i have a question. No troll this time. I'm considering more and more this : I'm 28, i work since 7 years. I save some money, around 10k€ This money is just sleeping on a low classic 1.2% back account. What if .. I go to my city's casino, to the roulette, and putt 10K on the red ? I mean, I really think a lot about this. If I win, i 2x the money, If i lose, i lose money, this is really pretty bad i know, but this money i dont need it YET. Are you willing to lose seven years worth of hard work on what's basically a coin toss? | ||
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Oshuy
Netherlands529 Posts
On May 07 2015 19:18 VelJa wrote: I'm 28, i work since 7 years. I save some money, around 10k€ This money is just sleeping on a low classic 1.2% back account. What if .. I go to my city's casino, to the roulette, and putt 10K on the red ? I mean, I really think a lot about this. If I win, i 2x the money, If i lose, i lose money, this is really pretty bad i know, but this money i dont need it YET. This is roughly the questions we all face regarding our savings: how much risk do I take, for what expected reward ? Bad thing with betting on red is you have 18/37 chances to double, so you are expected to lose 1/37th (that green 0). Good thing with it is you get an immediate gain. If having 20k now is a must, loan or gamble. If you don't need the 20 more than the 10, why take the risk ? | ||
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helpman170
34 Posts
On May 07 2015 19:18 VelJa wrote: Well i have a question. No troll this time. I'm considering more and more this : I'm 28, i work since 7 years. I save some money, around 10k€ This money is just sleeping on a low classic 1.2% back account. What if .. I go to my city's casino, to the roulette, and putt 10K on the red ? I mean, I really think a lot about this. If I win, i 2x the money, If i lose, i lose money, this is really pretty bad i know, but this money i dont need it YET. Ask yourself, if this was a worthwhile strategy, why is not everybody doing it? | ||
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VelJa
France1109 Posts
On May 07 2015 20:19 Oshuy wrote: This is roughly the questions we all face regarding our savings: how much risk do I take, for what expected reward ? Bad thing with betting on red is you have 18/37 chances to double, so you are expected to lose 1/37th (that green 0). Good thing with it is you get an immediate gain. If having 20k now is a must, loan or gamble. If you don't need the 20 more than the 10, why take the risk ? The other good thing is that you double your bet. :D Now the second part of your anwer is really interresting. I admint i dont think about that. I'm an epicurean (don't know if this means same in english than in French :o) i really like to enjoy my life. So if i win 10k more, i think i'm just gonna waste it in one year with clothes food trip gift and all those kind of shit. Without feeling bad that i'm losig ALL my saving On May 07 2015 20:23 helpman170 wrote: Ask yourself, if this was a worthwhile strategy, why is not everybody doing it? Cuz people are donkeys ? I mean my idea is a terrible idea, so most of people just stop their reflexion here. | ||
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VelJa
France1109 Posts
On May 07 2015 19:24 The_Templar wrote: Are you willing to lose seven years worth of hard work on what's basically a coin toss? Ok. This is not exactly 50/50 like a coin toss ^^ But my feeling is a little bit strage. The majority of my savings come from gift (birthday/christmas money etc) So i don'"t earn it, i dont work for it. In my mind this is very different. Not in the fact tho :D | ||
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Simberto
Germany12028 Posts
a) How much better is having 20k compared to having 10k for you? b) How much worse is not having those 10k for you? If a) is more than a miniscule amount larger than b), go for it. The chance of a is 18/37, the chance of b 19/37. If the expected value of the result is larger than 0 (Note that this is subjective, i wouldn't judge based on monetary amounts alone, but on what those monetary amounts mean to you personally) I personally have a hard time imagining a situation where a would be larger than b for me. Possibly if the mafia were gonna cut off my fingers if i don't hand them 20k tomorrow? In most other situations, diminishing returns mean that having 20k is less than double as good as having 10k. | ||
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ThomasjServo
15244 Posts
On May 07 2015 20:47 VelJa wrote: Ok. This is not exactly 50/50 like a coin toss ^^ But my feeling is a little bit strage. The majority of my savings come from gift (birthday/christmas money etc) So i don'"t earn it, i dont work for it. In my mind this is very different. Not in the fact tho :D Take it to the pony track. Box Exacta is your bet, look for horses coming in about 5/2 high end 6/1 with decent write ups. Profit. | ||
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Najda
United States3765 Posts
On May 07 2015 20:44 VelJa wrote: The other good thing is that you double your bet. :D Now the second part of your anwer is really interresting. I admint i dont think about that. I'm an epicurean (don't know if this means same in english than in French :o) i really like to enjoy my life. So if i win 10k more, i think i'm just gonna waste it in one year with clothes food trip gift and all those kind of shit. Without feeling bad that i'm losig ALL my saving Just do that with your 10k then and pretend you had bet it and lost. | ||
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VelJa
France1109 Posts
On May 07 2015 21:11 Simberto wrote: The rational way of dealing with this is to judge the results and the risks. a) How much better is having 20k compared to having 10k for you? b) How much worse is not having those 10k for you? If a) is more than a miniscule amount larger than b), go for it. The chance of a is 18/37, the chance of b 19/37. If the expected value of the result is larger than 0 (Note that this is subjective, i wouldn't judge based on monetary amounts alone, but on what those monetary amounts mean to you personally) I personally have a hard time imagining a situation where a would be larger than b for me. Possibly if the mafia were gonna cut off my fingers if i don't hand them 20k tomorrow? In most other situations, diminishing returns mean that having 20k is less than double as good as having 10k. well if I have 10k more, i'll just tell my job that I'm takin one year vacation (possible in france, they have to take u back after, but not obligatory at the same level) and I travel around the world If I lose my 10k, I will be mad, but I still think, it worth it | ||
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VelJa
France1109 Posts
On May 07 2015 23:22 Najda wrote: Just do that with your 10k then and pretend you had bet it and lost. haha yea xD But just the fact that having saving money is a good thing, we never know what can happen in life (car accident etc). Even if you don't use it, you know that if something bad happens, you can face easyly | ||
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OtherWorld
France17333 Posts
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VelJa
France1109 Posts
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helpman170
34 Posts
If it is heads, put the 10k on red. If it is tails, go to the bank, get a loan for 100k and put that on red. | ||
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TMG26
Portugal2017 Posts
On May 07 2015 23:42 VelJa wrote: That's a fucking great idea So, what did the coin said? | ||
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ThomasjServo
15244 Posts
Wa-pa-pa-pa-pa-pa-pow! | ||
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VelJa
France1109 Posts
#self promote | ||
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Epishade
United States2267 Posts
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helpman170
34 Posts
If you are still alive after 24 hours, you can then safely drink your bleach. I have achieved good results mixing it in a cocktail, e.g. Sex on the Bleach. | ||
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