Bitcoin Forum

Here's a thought experiment

If I offered you $100, you could take it and walk away.
Or, you could double it or lose it all based on a coin flip.

Now, you're presented with a situation where if you take the double down, and you lose, have you really lost anything?
You never had anything to begin with until I made you this offer. Would you feel regret for not taking the $100 in the first place?

Thoughts?  ;D

I'd take the $100 and walk away... I think it will differ from person to person, but i'm not a gambler. I'd rather have $100 in my pocket instead of having 50% chance of $200.

It would be more difficult if you said: i either offer you $100 directly, or a 50% chance of winning $250.... This would actually make me think about gambling the $100 away if i got those odds...
Same thing if you would offer $100 or a 60% chance of winning $200...

If
- it is a real provably fair system that i have a fair chance of winning
- and if it is really a coin flip game with two outcome (heads or tails) and nothing in between

then i would take the money and will try my chance a couple of times. but i will keep the number low to max 3 to 5 times.

i am also not a regular gambler but i would never pass on a chance to make some bets for free and be able to win and double the amount.

If you are giving me $100 in bitcoins then i will bet on the sports betting with a very secure bet let it be the odd low but i will bet all in and after winning i will start the same sports betting but with equal ration bets on all bets means i wont go all in. First time i am going because of your rule if not i will take $100 and start by sports betting betting management rule and divide it in 25% on each bet and start to betting.

I will not go for all in Because sometimes my bad luck I will get unexpected results means 100$ will be gone in a single bet. So why should I take the risk? What I will do means I will also play sports betting I split your amount, and I will go low odds bets with different games. Suppose in one game I lose means other game I will make a profit. Within few days I will double your investment.

At the moment I lose, yes i would feel regret but after a few minutes of i would realize as you said i never had anything to begin with so its not like I lost anything. But yes if anyone offers me 100$ i would rather just take it than gamble it right away.

I would love to take them and try to double them, if i will win ahh that awesome and if i dont "Ooops" so no worries, because these are not my coins. By the way yes i lost more than 100$ lol, lost more than 1000$ in 1 Bet, and than i quit gambling for 10 days and than again started playing  ;D

1000$ ? Seriously in which game you lost ? it means it's more than 1.5 BTC. You lost that much money and again after 10 days you back to gambling you are great mate.

Suppose if I get free 100$ coins to play. I will check my luck in all types of games in gambling. Because yes if I lose also I don't care it is extra money.

I guess it depends what time of the month you asked me ;D

Shortly after I get paid - fuck it double or nothing :D
End of the month before pay day - take the $100 & run ;)

1.8 BTC lol in those days. I lost those coins in betcoins, actually in those days they have issues with withdrawals, and i sent many request but they didnt respond me, and i just wager them in frustrated situation and lost. Thats my one bet and i lost more than 4-5btc in gambling overall.

https://i.imgur.com/n5JNL8O.png

This is really exciting if you offered me 100$ cash i will accept it and i will also accept the challenge with a risk why did i accept the challenge ? coz if the first place the 100$ is all free and how about if didn't saw you then therez no 100$ so i will flip a coin and take the 50% chance of winning to double it how if that money will be double as the OP said? then i make 200$ in a day haha thats awesome right?

Well i wont be that much greedy and 100USD is also not a small of money for me so i would happily take that 100USD and never gonna think about double or nothing.Yes may be at that time if i have some substancial about of money then i can think about double or nothing,otherwise i would happily take that 100USD.

I think so $100 is nice amount and it would be nice to take it as it is, because I am not a greedy person that is why I will not take risk to flip the coins with 50% chance and lose it for hope to make it double.

I would take the $100 any day as long as I'm not indebted to someone who gave it to me ;D Also, if there exists a site that will do such a thing, I would say that it will go broke right before it started because people would have nothing to lose on that situation; they could just simply take whatever's offered and use it for something else lol. If in case I get greedy and do a coin flip, I won, I'm happy. But if I lose, I would surely regret what happened there and would keep thinking that I should have just get that $100 and simply walk away.

I will give try to my luck there because I have nothing to lose there, I am very confident if you will offer me to play there with $100 risk free money than I will make it double.

Depends on the situation, if i'm need of money i'll gamble and try it to get it doubled if not i'll simply walk away with $100. but usually my first instinct will be to double it as everyone else's. ;)

I have done this several times... in the altcoin trading market. I like to put a decent amount of BTC and wait for the altcoin to double my initial investment. I feel more confident doing this than going with a 50/50 provability fair roll.

I'd regret taking $100 and not walking home.I can still gamble with the winning chances of 99% and split the $100 into rolls of $20 each,I could hopefully able to walk away with $110 safely. ;)

i will take it $100 from you and then i will walk away with $100 in my pocket. i will not use $100 to play gambling because i am not good in gambling. maybe i will use for trading after i converted into bitcoin.

I will walk away with that free $100 rather than trying to double it loss it. I don't trust my luck over gambling ever as i have just few bad experience with gambling in past.

I'd take the $100 and run. Thank you. haha. Even if you say I'd lose nothing at all when I do gamble it and lose, that's not true.That's just a way of consoling yourself because fact is, that was a sure 100 bucks. If I let greed take over, I could end up with nothing instead. Now if we were talking about a x3 or x4 increase (100 becomes 300/400), then hell yeah I'd take the chance. lol. I'd still regret it if I lose, but the possible gain would be worth it.  :P

i would definitely not double it, because there would be way too much risk in my opinion to lose all the money that i could already get

The answer is obvious. Anyone would take the 100$ and be done with it. Double or nothing is a gamble, but the 100$ you can get is a sure shot.

For me,

I will just the the 100 bucks and go away,

I don't want to put any risk of losing it,
even though you will double it if I win a coin flip game, It is better to be sure than nothing.

This type of offers will not come daily, He is giving chance to test your luck in gambling. 100$ is big amount i agree but it is not our money. so if we can lose also no issue right. we will just lose our extra money. If i get this offer i will try to make this amount double in sports bettting. and i am sure that i will not lose all money.

i think most of the people around here will abuse such system and only will take the money and run :)
but assuming that there is a rule that you should play at least a couple of times to withdraw, i would love such game to play a double or nothing but for just a couple of bets and test my luck.

If you offered me $100, I will accept it and since it's just a giveaway, I will consider trying my luck and bet some of it (if it is allowed to divide bets). After that, the next move will depend on the situation, if I won or lose on the previous bet. Well, as you have mentioned, it's not totally mine, you'll just give it. However, if it's not okay to divide bets and needed to go all in, I think I will just take the $100 and go away because I can't risk all in one even the money is from a giveaway.

I would take the $100 it would be stupid to gamble if you already got something for free

iam not experience about doble stake gamble, in gambling game
iam interest onli dice toto roulete and betting sport

If I lose the coinflip I would definitely regret it for not accepting the first offer which was walk away with the money but if I had a choice I would take the first option with no hesitation because its basically free money.

i like the game you are suggesting, coin flip. and i have been looking for a game like this to play and i have not yet found a good coin flip to play at. i once found one site that was offering it but i did not like the site itself :(

and as for the strategy, i don't like this method of gambling. double or nothing or in other words going all in is never my style. i like to manage my funds more wisely and reduce the risks of losing all of my bankroll as much as possible to be able to continue gambling even if i lost.
in double or nothing i may lose the first bet and then i would have to go home!

I would take the 100 and walk away with it. It is simply too good to risk losing it again, even if you didn't have the 100 to begin with.

This reminds me of a Dutch TV show where people have to do funny assignments and if they win, they something like 250 euros. They than have the option to roll a 6 sided dice with 1, 25, 100, 250, 500 and 1000 on it. Bascially a 50% chance to keep the money or go up, or lose a lot of it.

95% of the people that got the opportunity to roll the dice kept the 250.

I would like to take $100 for me but will try my luck on sports betting as I think I have some luck with this form of gambling, with sports betting it would be easy for me to make profit instead of playing on luck based game with 50 50 win chance.

I will get 100 usd, if you replace 1 usd to 100 usd, I would choose double because 1 usd is a little to me. 100 usd is a good amount of money

Yes, you did lose something. You lost your opportunity to grab that 100$ when you can. Now you lost a bet and the chance of getting the 100$ is gone.

Of course, in every situation that you had the opportunity to get something but you didn't because you were greedy and lost that opportunity, you'll surely regret it.

This situation is very analogous to a very common happening in gambling. It's when you're already winning but you're still betting and betting because in your mind, you're just playing with your profit. If you lose all of your profit, you don't feel that bad but you get that feeling of regret that you should've stopped playing while you still have some profit on your hand.

i will going with the member answering on here which is i will take take $100 and walk away, but before walk away, i will say thank you to you because you give that $100 for free.

if you take the double down, and you lose, then i think i will not loss in anything because that $100 is from you and i don't spend any amount to gamble. i think i will not regret it about my decision, because maybe its too late for me to realize about that.

even though i like to gamble, but i wont take the chance, i will keep the money in my pocket and walk away, even though I wont lose anything but i will feel regret if i lose the 100$, so i feel better accepting the 100$ rather than 200$ but has the chances of losing it all

I think it easy to double money if we have a big capital for gambling because we can bet em all and big win if were luck that much in the round , if your not greedy anyway then you could win in every bet you made? for example you are betting 30 bits or less and if you sure that you will win in the next round you bet high it is my strategy also  :D

this is difficult choice for me because if i walk away 100$ obviously will be mine but if i bets it all possible too i could got double my money however if you had offered me 100$ i think i might to try bet all at coin flip who know that day is my lucky day so i could got 200$ ;D ;D ;D

In the actual situation, I'll hold the money since I don't trust even in probably fair systems, I only trust in person-to-person gambling or extremely reputable poker systems like PokerStars. So, in this "flip coin" situation, I won't accept the challenge. I've been looking and trying to help people avoid scam websites that so many said "probably fair" or some Admin who makes a psycho scheme to make even some intelligent people in some sort of "flip coin game". But I don't judge who likes this kinda thing.

It depend on each personal objective to decide ! For me, honestly I will take that $ 100 rather than double it
Except I'm play on poker or sport betting ( since dice site has their House Edge )

Well as you said in the first place, you offered the option of getting away with the $100. So after that you can assume that the $100 are yours and you are actually risking them.

So in my case I would take the $100 risk free. After that I could use them or invest them any way I wanted. But no point in risking not taking them at the first place.

Sounds fun. I'll probably take the $100 away. Usually I try to minimize my dice betting as much as possible. I prefer betting high in sports or something that I have good knowledge on winning.

I will flip the coin. It is a 50-50 chance so why not. A high percentage like that should be taken plus it is not my money. If its just imaginary then I will flip but if you will really give it to me then thank you and goodbye after that. :p

$100 is not so big but it is still considered up there. so if you offered me such a deal i would take the money and walk away without making any bets.

but if the amount was lower like around 20 bucks then i guess i would feel a lot better to make some bets at least 2 times in a row and try my chances at this proposal.

I will prefer to walk away with $100 as this is not little money. I will not put my luck to be in trouble. I will take this money as winning and will keep continue my normal gambling activities. It will be like I don't have money and will save it for other thing. I don't take unnecessary risk.

i will not take it away i will go to bet to take a bet on that coin because i have a luck on that thing all flip coin is gonna show head for sure and i am going to be win for that but if you guys are going to ask me if i am going 3ple it yes

Why not try with free money to multiply it with much more. I will give it few hands to see what I can make with this amount. After all this is free money who knows what luck it can bring me. I have to say yes double or nothing. I love to play specially when it is free money in any shape and many time succeeded to turn it into much more.

yes i would take the money and walk away if i am given the option of walking away with a hundred dollars that was given to me for free.

but since this never happens and sites are always forcing us to play first and deposit first and roll 100000 times first , then i guess if it was  a hundred dollar free promotion i would surely go and try the game of double or nothing.

Everyone has their own perspective about what they do about their money , for me.
I will split into half , for 70% from my bitcoin i would like to hold it in my wallet and the second which have 30% from my bitcoin will try my luck for gambling or trading for grow my earnings. I don't want to risk all my money with the luck thing or gambling to be more precise , so i have a plan like i have said in this post.

I have no control over my gambling activities so I will be going to avail the opportunity to make as much as will be possible. I will not stop just for double but in case of winning before each new hand I will transfer some money away. I will still keep making bets until busted all remaining balance because this is my style of dealing with gambling with free money.

I choose to double the money $100, because it's free money and even i lose, i don't really care about that and it's on a coin flip, so the chance is 50-50. It's worth to try though.

I also think it would be great to have fun with $100 and surely I will go with to make double to take risk with this amount, outcome of bet would not be a problem for me because I have nothing to lose there.

if I have money, I'll take $100 then will double it.

but if I do not have money, better take $100 and double it only 50% of it. because I do not want to risk losing it all.

My answer as well is yes I will try to double those $100 if I get to play. It is not bad to try considering that there is some sort of wagering requirement before making withdrawal. I have observed with others money most probably chance of winning are more higher than playing with own money. In my case this has happened many times.

For you, if this $100 is not that big then surely people will spend that money to have fun and can try their luck but for some people, it is not a small amount so they may consider to withdraw money spent for some other purpose. It usually depends on individual needs.

maybe it will work for you if you try to make double in gambling games, but for me, i will take that $100 with not thinking to make it double in gambling games because i am not good in gambling games.

You are such a risk taker dude. hahaha. I think when OP gives the 100$, we already have profit and that money is already belongs to us. So if we risk it  then we loss. I think we actually lost because that money is already our property and that decision can give a regrets to us. :)

Reliability also has it's worth, for example you can think "ok I have 100% chance to get $100 and spend them on something I want", on the other hand you have "I have 50% chance to get nothing and 50% chance to spend $200 on something I want". For non-gamblers the safety of first option pushes them to make the first choice. There's a Russian saying "Better a small bird in hands than a big one in the sky".

Everyone will definitely be thinking about it when they do gambling gambling, because it is something that gives all gamblers hallucinating toward something things that have not happened, it is very dangerous for us if it can't control it properly

I would definitely get  the $100 and would  intend to  risk  on doubling it since im not good at gambling and deosnt  have  enough luck on these things. Its  much safer to keep  it than to gamble when you dont care at all then  if you want to risk on doubling  it then its your decision after all.

I would take that $100 and i would gamble it as you wish too but i would only spend the 50% of it and then the other 50% would be invested in the same bankroll if lose then i still got my 50% lol haha am i just making sense here?

Double or nothing? This like depends to you how make 100$ be better. Much way to make this double or more than.

Well, you are  just adjusting your bet amount. lol.  You dont intend to put in all  in single bet, if we decide to  all in  on $100 then loss then  you have  no chance to play again compare when you are betting  with  50% which would somehow  give us chance if  we  lose the  50% initially but  it wont guarantee you  to win the next bet since it does only matter  on luck  you had if the result  is still the same then move on because its  just a giveaway though. lol

i would take the 100$ instead of gambling it because you might lose all and 100$ is a little bit big but for those who is greedy they would choose to gamble it instead i know its 49% chance of winning

I seems pretty split between people who would take it and those who'd try and double it.

For those who would just take the money, what if I said, not double... but,

2.2x ? or 2.5x ?

Surely you'd take 3x?
Turn your sure thing of $100 and take a 50:50 chance to triple it?

What multiplier would you accept to take the bet?

this sounds like a good experiment because of the free money ;D

but in all seriousness i think the real gamblers will take the bets instead of the money and those who said we take the money and go away are not gamblers and are only thinking about the money in all of this not the fun of gambling.

and by the way i think i am going to take the bets instead and make a couple of them.

That's a very good offer that i ever heard on this forum the other thread will give us cancer because of sh*t post and replies if you are going to offered me $100 dollars i would accept that for sure and i will accept the fact that i need to risk $100 dollars to double it or to triple it maybe ? Coin Flip for me is 50/50 :)

Not bad, but the question is, are you generous enough to offer such amount? Everyone loves free money, you know.

You are right. Instead of risking our chances, going with immediate money must be a very clever option. Because gambling is known for losing all over bankroll at any point of time so going for gambling must be equalvanet to throwing out our money into fire.

Now, this actually changes things. Even x2.0001 changes it (if we're talking pennies as the lowest denomination.

Since it's now +ev to gamble, I would do so. It takes some detachment of emotion to gamble properly with odds in your favor. Sure, there's the chance that I lose. But out of the possible outcomes, the pros outweigh the losses. You would do it at those odds even if it were your money.

---

Originally, a 0 ev game would yield the same result on average whether you played or not: +$100

A +ev game here yields a slightly higher average: +100.01 (at 2.0001x)

Always choose the smarter option. Probability wins.

I have to agree with this since chances you win are slim, no matter in which casino you play or make a play.
Going all in will not change your ods, and unless it is cards, you better be very carefull.

I would absolutely take the $100.  I have much better uses to put it to than to gamble it away--at least not in the way that OP suggested.  I'd put it toward shares in a good dividend-paying stock and make it work for me.  50/50 is just chance, and I never liked those odds.  Not in medicine, not in money.

i am not in favour of double or nothing formula, to me you should always do gambling in a limit and never exceed that limit if you want to minimize your risk of loosing money, if you will play gambling on the formula Double or Nothing then you will only play a single game and will become out of money very soon.

I prefer talking the money and walking away with it. Double down means a 50% chance of win which is too low. And with the luck I always had lately.. I wouldn't go for it. :D I'm trying to stay away from gambling as much as I can.

even though i like to gamble, but i wont take the chance, i will keep the money in my pocket and walk away, even though I wont lose anything but i will feel regret if i lose the 100$, so i feel better accepting the 100$ rather than 200$ but has the chances of losing it all

I would probably just say thank you and then walk away. There's blessing already, all I have to do is take it. This situation is very similar to when a gambler goes to positive profit. Will he continue betting or not? If he lose the round, it's okay because he basically didn't lose anything since it was just his profit. But the point is that if you're going to continue having that mindset, then you'll be stuck in that loop and never be able to stop gambling unless you lose everything.

Smart move will be to take $100 and walk away from there as something is always better then nothing and if we choose to gamble then we may win in first or second round and that will make us to gamble more which will result in loosing everything at the end of the day.

I think i'd rather take the money and walk away and then have something a little more productive to do with it. Yeah the money was not hard earned but you have it already why waste it in a coin toss where you're not sure of the result when you can spend it somewhere else

Even if its a free money we should always respect it and instead of wasting it in gambling its good to buy some useful things with it or spend it on some good food where it will give you a good level of satisfaction.

Well if I will become on that situation I will make the wisest decision, if the condition is to make it double by just coin tossing then I won't risk that money even that is just came from free giveaway or gift. I will just going to walk away and say thanks to you. And will invest into something better even though it will take a lot of time to make it double but I lesser chance of losing it.

I would take 100$ and walk away too, since even if I want to double or nothing I will do it in a better way, by betting them on sports betting why would I simply flip a coin to decide my future ?
LOL anyways let me know when you need my addy for 100 USD  ( I wont mind a 1000 too ) hehe :P

I'd rather take $100 and walk away then half of it will put on some investment / doing it on gambling.. then the rest ($50) will keep on my pocket.. anyway it's just free.  ;D

ahahahaha good, you are indeed very intelligent. so if we want to get the profit they must be bold in doing tirakat or more closer to God in order to be given the easiest way not to reduce a little blessed and given by God. Doubling more important done by those who have a good spirit, because that is something that does not exist here

I will also do that. Except that i will put the $100 into investment. Since it is free money and i have no use for it, i will put it into use of generating more money for me. I believe in financial freedom so i am working towards that.

I will give it couple of tries to make it increase because it easy to convince myself that it was never my money. I have seen playing with free money or bonus money many times worked for me and brought me few times more than initial money with what I started. I will definitely will go to gamble why not to try my luck with risk free.

Yeah it's already an easy $100 so why waste it. Even if there's a chance that you can double it in a coin toss, I still wouldn't risk it. It's hard to earn 100dollars these days so if I get to have one for free I'd probably spend it elsewhere where I can enjoy it more.

I think i'll do the same but with only $25, i'll save or invest $75 somewhere. i won't regret it, if i lost those $25. because i would've gotten it for free. ::)

I would take 100$ and walk away with it. Its not really if you flip coin and lose you didn't lose anything, you lost 100$ which are yours now. It doesn't matter if they are free or you did some work for them, you own them. Would you think the same way about 1000$? Or 10000$? What about 1$  ;D

To say it in a simple manner If some one offers me $100 I will take it and do what I like it instead of gambling and chances of losing are more.

So theory of you offering will not apply since I am getting it for free though but still has $100 value anyways.

That is still decent amount to own. I will take $ 100 and would prefer to walk away with this amount of money. I do believe in making profits in small amounts and getting this money without doing anything is something to appreciate. I will not do gamble with this amount what I will get if this happens.

This sounds interesting. If we bet the given money and lose then we feel sad as if we lost but at the same time it is not very true, because this is not our money to lose. Well, we lose the money which was potentially ours, I guess. So we do lose in this case. And if I had such a situation, I wouldn't take 100$ from somebody I don't know and without some specific reason.

I would take a risk and gamble for double or NOTHING !
Because see I had nothing in beginning and I would love to see a 200 dollars rather than a 100 dollars, I would consider it as a free bet of 100 dollars and hence gamble it away. Whats the catch in taking the simple 100 dollars ?

If You Give Me 100$ Then I Do Some Business With It like Trading, Buying Selling Of Digital Goods Or Any Other Activities Which Will Give Me Profit and Try To Gain As Much As Profit I Can With Trading And All the Ways Of Gaining Profits.....

Indeed even if we were to double the money then there are much better and less risky ways, I think I would take the 100 USD and then invest in some coins or even if I was to gamble, I would do it in small parts and hence more chances of winning though slow.

Makes sense but very sleek, I think its pretty dumb idea for anyone to gamble the money they get, as such suppose someone gets the 200 USD on winning, he will want to double that too and so on unless he either becomes Bill Gates or ends up on a zero.

Good question. I would want to take the $100 and walk away but then as you say I will think but if I lose I don't really lose anything.
Then I think but wait I do.... I was given something now I am risking it just to double it when I could just walk and know I made $100.
Double edged sword that.

I think i prefer to walk away with 100$, eventhough is tempting but for me it is important to quit while winning, so rather than i lose and regret, i better keep 100$ safe in my pocket

If I get this offer without thinking anything, i will accept your challenge. Means I will try to double this amount. I will try all methods what have in my mind. With my real money, i can not try more new strategies. Becasue I am not interested to put my money at risk. If you give me money means, i will implement all my new strategies and will try to double your investment.

Me too I will just going to walk away and smile with that $100, since I always wanted to be in safe haven. That is what I am going to do and I won't risk that with such a flip coin the whole amount, maybe I am going to do that for $10 only or else I won't or even maybe I will going to join some ICO's for making that amount double with less risk.

Yes exactly and honestly anyone who is willing to gamble the free 100$ he got is a desperate gambler and would very soon end up burning all his money. I think option one is for gamblers and option two is for clever people.
But basically I do believe into the philosophy of if we do not risk anything then we will be facing the situation of risking everything.