Bitcoin Forum

It's not always easy to make the right decisions. Are you a gambler? If you're offered 1 btc without playing or 5 btc by playing (with a chance of 2 to 1). What do you do?

It's said a bird at hand is worth more than a million in the forest; meaning I would rather take one bitcoin and walk away than spending them in the gambling site which I am not sure of my winning so why would I do that after knowing the rules and regulations of gambling. Even as they said gambling is a game of luck and chances and you expect me to go miss my chances of having one bitcoin to go gamble for the sake of winning of 5 bitcoin, is this normal if I may asked?

My choice from the one you gave is that I will not use the 1 BTC I have just to gamble whatever the reward offer is as big as whatever the reward is, I will not use it to gamble. if for spot trading is ok.

It's easy to make right decisions when you have such offer. Yes, I'm a gambler and I enjoy spending time on betting but I'm not an addict, I only enjoy it for some fun and I put lowest amount of my earning into it because I believe if we can enjoy with less then why go for more? If I get such offer I'll most probably take 1 BTC and go away with it without any question.

I know this is just a hypothetical question thread but what do you mean by "with a chance of 2 to 1"? Do you mean that I can either get 1 btc or 2 btc if I chose the 5 btc after gambling it? if so, wouldn't the 5 btc be the best option since there was no mention of the possibility of not getting anything if you chose the 5 btc?

For me taking 1 btc right away would be the best option. I dont see reason to your analysis. I don't even know what you meant by 5 btc by playing 2 to 1 chance, but whatever the option may be I chose 1 Instead of that 5 because I believe the five come with high potential risk which may not end weel.

I wouldn't hesitate to go with the 1 BTC and call it a day because i'm only a casual gambler. I'd rather play it safe with the lesser reward than go with the possibility of walking away with nothing.

If I were a high roller and 1 BTC was something I could afford then maybe the chance to win 5 BTC wouldn't be a bad option.

If I was offered to use 1 BTC to win 5 BTC I would think first because what is in front of my eyes is not necessarily that we will get it easily because I personally do not fall into the category of gamblers who dare to take things too high. stake. I prefer to play it safe by using small betting money, even if I win the money won't be that much. but I will feel happy because my betting money will come back and maybe I will make a profit even if only a little.

I would definitely take the amount immediately and invest it in something fixed or along those lines to gradually repurchase and cover future expenses. I think it's a good line

Many will go with the one bitcoin offer. I will also do the same. Whether you lose or win, if you choose 1 Bitcoins, then you will ultimately get it. On the other hand, if you greed and go for 5 Bitcoins, then no doubt you have to take the risk and with the risk, you might lose the Bitcoins also. No doubt that if you take the risk, the reward will also be high, but it completely depends from person to person I must say.

When I vote there is 4 people that choose to get one btc and that vote including me as well hahhaha. In my opinion, One BTC is already enough especially with this price you can buy a house with full furnish and including one car as well hahahha.

If I choose to flip a coin the rate is 50-50 and it is dangerous hahaha.

If I do not bet, I will take 1 BTC but if I bet, I will take 5 BTC. I will ask what if I lose the bet, will I take the 5 BTC. If they say no unless I win, then I will just take the 1 BTC and not bet. If I bet, that means I am greedy and I will likely lose the money and regret because 1 BTC is not a small amount of money but huge and enough to make me richer.

I choose to bet with the possibility of getting 5 BTC, greedy? Nope, if I have this one-time opportunity wherein I can have the chance of getting 5 BTC, which is a very huge amount of money in my country's currency conversion, then I will take the risk. Yes, it may sound a little too greedy, but the thing is, if I have the chance, I want to take any risk that could be worthy. If the 5 BTC is for me, then I will likely accept it openly, but if not, then it means it's not for me. I will regret not getting or securing the 1 BTC, but it's fine. Instead, I will work hard in order to have money that is equivalent to 5 BTC. Big opportunities in life come rarely, so why not take the risk and let destiny decide for you?, of course if I will do a bet I will do my best to choose the winning bet.

I'll take the 1 BTC, at least I won't walk away empty handed. Though, it's really tempting to go for 5 BTC, with a bet, you could end up losing. All in all, it depends on your personal preference.

It kinda depends on the percentages.

1 BTC with 100% certainty vs 5 BTC with how much uncertainty?, 50%?

If that's the case, I would take the 1 BTC.

Pretty much all the time I would choose the 1 BTC unless the 5 BTC were at something like 99% chances or something like that.

But I guess to make it interesting the odds would be something like you get the 1 BTC at 100% and the 5 BTC at 20% chances of getting it.

I would of course take the 1 BTC as well in that case.

Well for me, I don’t really see any reason why I would risk  my one BTC because I want to get five BTC for something I am not really sure about all that I have done before even if I have done it before and I got it right then it’s just because of lock, I want to conclude that that it is how the process is because looking at the process of risking one BTC to get five BTC, the ricks is so high, I will never agree to such thing I can’t even risk 0.5 BTC not to talk of 1 BTC just because I just want to get money. This is an atom of greediness.

Two things are involved here 1btc and walk away, or gamble and get 5btc. Walking away with 1btc is the best of it all, because you got it without doing anything, that is what everyone will appreciate, rather than passing through some emotional drama when gambling to win additional 4btc.

On the other hand, if the condition of me gambling with the 1btc to get 5btc is sure that I will win the 5btc, then it is cool with me. It means that I will prefer to gamble and increase my 1btc to 5btc. If the condition of gambling is 50-50, I wouldn't think twice but to happily take the 1btc and walk away gently.

Just like the rest been choosing on here then i would really be walking away with 1BTC and call it a day and never intend to make myself greedy on having that 5BTC but i would really be needing to play it on gambling.
Any results could neither be profitable or you have nothing left on your hand.Also 1BTC=1BTC and you could really be able to have different methods on making yourself that diversify specially on investment.
If you are some sort of addicted gambler then you would really be definitely going for that 5BTC and would be gambling it all out.

Who doesnt really want to experience that 5 BTC balance eh? Even myself would really be drolling on such situation specially this one isnt a small amount.

I voted "I take the BTC right away".

The risk to reward between 1 BTC and 5 BTC is too far, 1 BTC is already big, so most people won't need to gamble for 5 BTC. If it was $100 and 5 BTC, then it would be interesting to know how many people will choose $100 or 5 BTC.

I think people who choose 5 BTC in this thread are millionaires. :D

I'll take 1 btc without playing since I will eliminate any risks from the bet! Personally I love "sure wins" and I don't want waste or take any un-required risk. This is a great chance... because it's a sure win. Gamblers must be focused on sure win and not on "lucky" matches.
well becassine, if it's the right answer ::) at this point you can find my btc address on my profile ::)
(just kidding... )

I would definitely go for the safe 1 BTC.  I'm not a high roller, and frankly, that gamble sounds terrible. A 2to1 chance is pretty bad. You are more likely to lose than win. 1 BTC is guaranteed, while 5 BTC is just a dream. Not worth the risk, imo.

Thankfully I am not a greedy type, I will take the 1 BTC and walk away, because this 1BTC is enough to turn my future around for the best, many investors can't even buy up to 0.4BTC with all the past months of nonstop DCA, I have been buying bitcoin myself and I've never reached 1 BTC so far, this is the third year of my DCA in Bitcoin, 1 BTC still seem far away.

5BTC sounds very tempting but it's not real, I will have to bet on my luck to get it or not, that's a higher risk I won't dare take and this 1BTC is on the ground, available for doing nothing, I will definitely go for the 1 BTC, I won't even think twice about it.

The greedy ones will likely try the 5BTC and end up with nothing, the chances of winning is very slim here, not worth it..

We are talking about here 1BTC or equivalent to 72K USD. If someone will give this amount right away then I’m sure many will take it unless the game that you offer that will give x5 of the reward will have higher winning chance rate than 20%.

You should also mention what kind of game and what is the winning chance rate for the gamble to have a more decision making to make since the condition that you give is plain and simple.

The question seems to be incomplete, how about the 2nd choice? Can you explain more about it since I dont really get what you mean.
By playing here, do you mean to say that I have to risk my own money to get the 5btc or it is just like I get the chance to win 5btc without risking anything?
Because there can be some people who like to have a mindset "win bigger or nothing", that's why it should be explained more.
I myself will take the 1btc away, free money is always nice, why I should take a risk to lose this 1btc for 5btc or nothing?

It is not even that you will likely gamble and lose, but it is about that you can use part of the 1 BTC to gamble later if you want than to gamble and lose and the 5 BTC and not also collect the 1 BTC. This is just wisdom to be applied to know that gambling to win more is foolishness while just collect 1 BTC is a wise idea.

I know myself as not so much a risk taker, so permit me for accepting the 1btc right away. There is a chance and probability for me to win the 5btc if I gamble and take the risk, but there's also the chance to fail. Since I do not have one Bitcoin right now, I would not want to gamble with the only opportunity that has come my way for me to get one Bitcoin instantly simply because I want five bitcoins. If I want five bitcoins, I have to have or have had one bitcoin before to want more. If I have never had One bitcoin, and just want five all of a sudden, then that is almost greed to me, the kind of greed that can make you lose it all.

who is giving out the one BTC? Give me first let me know what to do next.

Like the popular proverb goes, a bird at hand is far better than thousands in the bush so I will always go for certainty above uncertainty. Fine, the five BTC is a big deal and if at the end of the play it finally comes out that I win, I will be happy for it but do you know what will go on in toue mind if you finally discover that you've not won? It's going to be one devasting thing that will hung you down for the whole of your life. I mean, how do you even explain that you had an opportunity of winning up to $72k dollars just by doing nothing and your greed rubbed you off such privilege?

Don't play.

A wise gambler that really knows what gambling is all about will without hesitation accept to take a 1BTC and go home without turning back because in a game of chance/luck whatever amount you make is worth being appreciative of it no matter the size. 1BTC today is $70k above, what sort of greed will make a man to see such amount as too small to rather chose gambling  for 5BTC or a loss. The risk isn't worth giving into as the odds of getting lucky is great slim to that of losing it all.

Yes I am a gambler but a responsible one. I know when to gamble and when not to, I also know that I only have to stake with what is affordable to loose Incase the game is lost.

I know that gambling is a game of luck which one ever way would a prediction be a guaranteed.
I am aware that I can bet more than a 100 times without a single win so, I don't. I don't think if a lap round of staking to win 2-3 BITCOIN would be assured to to my best of knowledge in gambling, I would rather walk out with 1BTC than chasing after to win more with a potential possibility to loose all of it.

I would rather go for the 1 BTC offer because that comes with all certainties but the one I will have to play to get comes with so much of uncertainties because with gambling it's always a 50/50 chances and it may never get to be in your favour so you may actually bend up missing the chance whereby you were supposed to get the one and if invested properly you could accumulate the value equal to five after a period of time but then if you are greedy you may want to go for the five which you would have to play for and may risk the chances of loosing everything at once.

Actually I can't call either of them the best decision because there are cases when either of it becomes the best decision. If you gamble for the five and you are lucky enough to win you tend to believe you made the right decision and if you loose it it will seem like you made the right decision and same applies if the reverse happens than you would say you made the right decision so the decision been right is actually relative.

I'm fine with BTC, and I believe in myself that I will be able to grow this amount to more than 5 btc but not in gambling. At the current price which it has already surpass its old ATH, I can already consider it as enough money to start my dream business, slowly but surely I would be able to achieve my goal.

$72k is a lot of money,  some even start at that amount but had become a millionaire overtime, so I know it's also possible with me.

In reality there will be 2 answers, 1 BTC is a life changing for some people and 1 BTC is worth not that big for certain people.
When you offer this to anyone who only gamble less than 2k per session, most of them will take the 1 BTC.
But if you offer it to rich person, then he/she may choose to gamble it.
Even for a very compulsive gambler but poor or coming from lower/middle class society, they might choose 1 BTC instead gamble it to get 5 BTC.

I immediately took the BTC. For me, 1 BTC is enough for me to keep it in my wallet and use fiat to gamble without using Bitcoin because I know that the chance of gambling will not always continue to win so I always think about the risks, not the profits, for me it's 5 BTC. It's quite big, but if I was asked to choose to bet with the 1 BTC that I got, it's clearly a ridiculous choice because gamblers will not waste their BTC at this time just to gamble, let alone seeing the value of BTC prices increasing and becoming more expensive.

I am a gambler but I might make an easy and quick decision so I will choose to take it quickly rather than using it for gambling, because I have gambled using bets using BTC some time ago and seeing the price now is of course a regret for me spending My BTC is for gambling, since seeing the expensive price of bitcoin at the moment makes me change crypto with fiat for gambling because it is easier to use because the value is stable and unlike the price of crypto which is likely to be valuable and expensive like for example Bitcoin today is more than $ 70 it it's really sad to see.

I do gamble but I'm definitely more practical at all times whenever an opportunity knocks. Being offered 1 BTC is a huge amount, without doing anything. Securing it would be a better choice than to have a bigger amount and to take the risk of losing it in exchange for a chance to win big? That's greed. I'd prefer claiming that single BTC and engage it to new projects at this point. The market is showing bullish patterns for months already and investing that amount will give me higher chance of earning profit in return. Also that opportunity won't be on a daily basis so definitely I would make full use of it in a wiser way. Taking 5 BTC and bet it will give you the possibility of earning more but that's just possibility and not assurance. Doing so won't make you a 'true' gambler and personally I would view you as just greedy.

It's a gamble anyway, I'd just take the 1 btc, it's not like I'm going to lose a lot of money if I don't take the risk, bitcoin is bitcoin and if the alternative to the game is that I'd take nothing if I lose, and I know that there's a chance that I can take it away without consequences, I'd just take the bitcoin and thank that person. As much as anyone can always argue that risking that 1 bitcoin would be a good trade since the risk is 2 to 1 but still, it's like 50/50, if maybe the odds would be in my favor like 70/30 or 80/20, that's the time that I wouldn't think anything other than taking the risk because I know that I'm going to definitely win.

This is a really good question, really makes you sift out who's crazy and who's not, who's the risk takers and who plays it safe. Seems that I'm on the not so insane play safe side.

  This is tempting and only greedy people will fall for this, especially people who think that gambling is a means of doubling their funds, such people will see it as an opportunity to grab 5btc with 1btc by gambling.

I love it the easy way, than the hard way. Which means that I never expected to get 1btc as a gift, therefore, I will take it and forget about gambling, even if it is a sure bet that I will win 5btc,i would not gamble.

Do you know that the value of 1 BTC is over 70,000$ and who will miss this money without taking any risk. By gambling, you can make 5 BTC but it depends upon the luck. In order to get 5 BTC, you may end up gaining nothing, so it is better to opt for 1 free Bitcoin. However, we can only assume such things, as these things do not exists in reality and we can only dream of them  :D


Trading is risky too. You can either end up getting worthless coins for your Bitcoin or you may get liquidated if you are doing the future trading. I think it is better to keep your bitcoin safe for the long term and if you want to spend, better to convert it into fiat and start a real business of something like this. By the way, again this is just imagination  ;)

i will immediately take 1 btc and hold it in my wallet. even though i like gambling, sometimes you have to throw away your desire to be able to get more by gambling. if there is an easy way to get bitcoin directly in my hands, why should i be tired of gambling? even though the amount is smaller, only 1 btc, that doesn't matter to me, at least i will definitely get it, compared to having to gamble just to get bitcoin, which we are not sure about getting.

Just as I have said before, this is not just greediness. It is more than greediness. It is stupidity or foolishness or whatever a fool can be called. If I take 1 BTC, I can still take some part of it to gamble. Why would I just gamble with it all and likely lose it because 5 odds bet to take it to 5 BTC at once would be a very risky game and the chance that he will lose is high.

Accepting the guaranteed 1 BTC is the lower risk option. I know 5 btc is a very temping offer but what are the odds that I actually win something? Ultimately, the choice comes down to risk appetite. The gamble could pay off substantially, but also carries the very real possibility of receiving nothing at all. As someone with low risk tolerance my best bet is the 1btc where I am certain of the outcome. However, depending on the gambling personality and situation our risk tolerance is different.

If there is no catch, then 1BTC without playing is what I would take.

This is because the bigger reward of 5BTC needs you to take a risk of playing but the 1BTC is risk free. Even though greed might make you go with the higher reward, the smaller reward (by no means actually small) is a confirmed pay.

This is how logic comes in play which gamblers lack or have decayed over the years of gambling addiction.

For many of us, 1 BTC is a lot of money, so most of us would choose to take that 1 BTC instead of risk it for 5 BTC. It's a smart thing to do... and I am sure that we would make a deposit right after that and gamble with some lower stakes.

I am not sure how much money I would need to have to risk 1 BTC to win 5 BTC... maybe 100 BTC or even more, so risking that 1 wouldn't be a big loss in case I lose the bet.

I am a gambler but also not stupid.I will take the 100% chance of 1 Bitcoin and out of it I will play max 0.25 Bitcoin to satisfy my gambling needs and stop after that.That second option may look much better but you have 50% chance and since I studied mathematics in university I learned that 100% is better than 50% no matter the value of 50% may be bigger.For me it is better a sure thing rather than gambling for x5 of that sure thing.

It seems to me that the OP is one of those who post here because they are paid but don't actually gamble. There is no sense in what he says as he puts it.

But I'm going to assume he does make sense. In terms of EV, the 5 bitcoin possibility is more profitable than the bitcoin in hand. If we take the statement literally (which would be impossible in reality) that every time I try to win 5 bitcoin I win twice, i.e. 10 bitcoin, obviously this possibility has a higher EV. But let's assume that he meant the opposite, that every second time I try I will win once, and I only have one try. In other words, I have a 50% chance of winning. If I take the bitcoin I get 1 bitcoin, but if I try this bet, the EV is 2.5 bitcoins. Therefore, the second option is also more profitable.

So I would particularly go for the bet but I understand that for people that 1 bitcoin can solve their life, they would not risk staying with 0 for the possibility of winning 5 bitcoins.

Of course 1 BTC without playing because BTC is now worth,,, who will take 5 BTC by playing not necessarily win right? Don't want to be part of the greedy but 1 BTC is more than enough for my life.

But this is a delusion because we realize that like myself I have never touched wagered up to 1 BTC let alone play at once with that capital and this is just a dream, imagine BTC for gambling if you try to invest in Bitcoin then the amount will be more than that?

It is difficult to get 1 BTC, I also continue to collect never much because there are often many needs, but by comparison gambling will take btc without risk if that is a question from the OP.

I'll choose one Bitcoin without playing, gambling is a game of chances and luck. It doesn't matter how good of a gambler that you're, when it isn't your day you're going to lose all the bets that you're playing and therefore you'll be losing both the 1 and 5 Bitcoin. I can't also stake my chances on the fact that I'm going to be able to win the 5 Bitcoin if I gambled. For some individuals, they can be lucky and win the 5 Bitcoin but there's no assurance that it's going to happen.

I will take the 1 Bitcoin and hold until Bitcoin gets to a new All time high or trade it for more profits through buying low and selling high. I have some wisdom when it's about trading and I'm confident that I can multiply my 1 Bitcoin to 5 Bitcoin if I trade consistently for some months. Trading is better than gambling as trading depends on the skills that you have gotten from learning how to trade regularly.

If I can withdraw that 1 btc without playing and not having much requirements, I will take 1 btc. I will not trying to choose 5 btc and playing gambling because I can be greedy and lose all of that 5 btc in a shortly. It's enough for me to feel greedy in my past so I don't want to have it again and lose all of the money. But some people, they will risks that 5 btc to playing gambling because they thinks that with 5 btc, they can places a big bet and have a chance to wins big money. It's a personal choices and every people will chooses what they feel comfortably. But it's better they knowing what they should chooses so they don't have to feels regret for anything.

As a practical person, I will take the 1 bitcoin because that is a huge amount in our country, I can buy a simple farm lot with a house and a car and join a small business. I actually have change for that value.

Another thing is that the condition is not difficult, even if the gamblers who have an addiction are offered something like that who still has understanding, they will still accept the offer of 1 bitcoin for sure, because that is money. This is if someone offers me something like that.

I wished if this offer was real and I could have taken 1 Bitcoin and moved away  :)
One bitcoin is a big amount of money in my country and I could become financially independent if ever I can gain 1 bitcoin.


As per the OP case, we can get 5 BTC by gambling and it is not guaranteed money. So why take the risk when you can get some amount that could change your life forever? Those who are already very rich (may already have some bitcoins in their portfolio) may not be willing to take 1 BTC and may take the risk in the hope of gaining 5 BTC. However I would call it greediness and in most cases, the greedy people end up getting nothing.

Of course with great confidence I will choose 1 BTC. I am a moderate investor. I would rather invest in coins in the big 100 than try new projects. So if I was in the situation you said I would choose 1 BTC, then trade on the exchange or futures to make a profit. But if it was about gambling then I would also stick to 1 BTC, then try a few games, and leave myself plenty of BTC to spend. Getting 5 BTC sounds really good. But don't you have a 50% chance of losing? Because I never saw a chance of winning. I will always see the possibility of losing in every bet I make. That 50% chance of losing is huge for me.

Betting bitcoin interms of gambling, never a true process to follow because I've acknowledged the necessary risks involved and probably not something to jogged on because the risks will get climbing to become higher in everything. Bitcoins are important and promising, having them in possession means they're the main points. Gambling is risky, I'm not betting because it's never a wise decision to triggered this particular spot. I've watched the past and seen the improvement that are been necessary, never backing out from nailing all my promises.

Why did I have to risk losing the 1 BTC for 5 when I can just walk away with it?

To be honest the answer I gave above can change depending on my current situation - some things could influence my decision and I'll just go for the 1 BTC and something can also affect my decision then and I'll just decide to take the risk and gamble to get the 5 btc - according to the popular saying “ the more the merrier”.

This is just a speculation of what can happen but until it happens for real I won't know the exact choice I'll make.

If I was given that choice, I would take the 1 BTC and not play, I would prefer to use the 1 BTC to invest in some physical business in the real world and when the business starts making profits then I would go back to playing with small amounts of money, this is because While I used a small amount of money and lost at the casino, the next day I would make a profit of more than 10x the amount of money I put into the casino to play. In my view of life, financial stability is achieved when a person spends money today and tomorrow profits more than 10x in relation to the money spent today, this way the money always increases in the bank account. It wouldn't make sense to accept 5 BTC and gamble everything and lose everything, that won't change anyone's life, on the contrary the person would only have short and long term suffering

the bills that the person would have to pay in the real world would not allow him to play frequently and would be making him constantly stressed, every day he would be arguing with his wife and children and relatives because of how little money there was, every day he would be complaining the low salary he receives at his job. so definitely the best option in this case is for the person to choose 1 btc and then invest in some real world business and only play again when they make profits and play with small amounts of money that they know that if they lose the next day when the profits of the business fall into his bank account exceeds the money lost in the casino by 10x, many people don't take the power of real-world business seriously.

Of course I will choose 1 BTC, because if I exchange it for another cryptocurrency, I can gamble for quite a long time. It's like killing two birds with one stone - I got money that I can now gamble on.

But unfortunately it doesn't happen. So instead of dreaming better do something useful because now the market is a very good time to make money. And for part of the profits can always play poker or slots.

As a gambler with which local wisdom, I'll gamble, but not with all, I'll make away with 0.95 btc and stage with 0.05btc to start maximizing my luck. Who knows, I  can turn it back into 0.2 or more. That its good business and a calculated risk to me than throwing in everything to a chance.

From the discipline of responsible gambling, I'm not supposed to gamble with all of it bearing in mind that the whole 1btc isn't an amount I'm prepared to lose,  so I'll split it,  filter out the amount I can lose and gamble with it.

Under normal circumstances, if you are given 1btc, you should thank your stars for such opportunity because that's $70k we are talking about. Now, the one chance you are talking about, what kind of bet care we betting on? If I'm given opportunity to make a prediction about an outcome of a match, I will give it a try but if it's a casino game, I will not even think twice before accepting the 1 Bitcoin because there is high chance that the game might be tweak not to favour you.

There is every tendency that the casino might reduce your chance of not winning that 5 BTC, that's like a jackpot of not doing anything at all. If I remove the greed in my gambling lifestyle, I think will go with 1 btc and sleep good than not winning anything and have nightmare for the whole months. :D

I will take 1 BTC right away without thinking twice about it. I doubt there is anyone that will go with the option of 5 BTC with a bet, that does not really sound wise. With the 1 BTC, I can set aside 0.1 BTC for betting will keeping 0.9 BTC safely in my wallet while I think about what to do with the money. The moment I discover what to do with the money like buying a land or investing it into any business, it is entering there already. I can attempt to build the 0.1 BTC to that 5 BTC, it is possible but I do not care if it is lost because by then I will be gambling with what I can afford to lose.

Giving free money? 1 BTC we are talking on here then there would be always a catch but of course these are what if's. If its really that free 1 coin then i would really be definitely be taking it out
without any questions but i do agree on some points by other people that for those people who are really that a pure gambler then they would really be definitely be considering on taking that
5 BTC and would be playing out of it. We do know that not all people would really be getting a hold of 5 BTC on which they could really be able to play on. If on the said agreement would be allowing on getting the amount or winning or profit for that 5 BTC game then it would be enough for those gamblers to take up such risks.

We do know that this amount is really that huge and this is something that not all people will be having. When it comes to gambling session then
these amounts could really be  taking you to a longer game duration.  ;D

The more the merrier, I think I will definitely go with the 5btc besides there is no specification on the particular amount of games to be gambled on so I can choose to gamble it on a very low odd, maybe something like 0.5 goals not even caring about the odd.

But in the case where there is specification on what to do with the 5btc like a fix odd or a particular type of game then I will definitely choose the free money that doesn't require any risk at all.

Every gambler who won big took a higher risk in most cases. Such people are high-risk takers who don't care about the negative consequences of their actions because they want to win the highest stake. I am not a high-risk gambler this I why I always cash out even when the sum is very little. In gambling, there is no guarantee that you will win, why risk it when you have an option? I will gladly accept the one Bitcoin and forget about gambling to win five Bitcoins. I will never forgive myself if I lose the opportunity to own one Bitcoin because I wanted to get 5 coins which is not certain. Hey OP,  where is the location of this game, I would like to be a part of it   ;D.

Staking that huge amount of bitcoin is really a big risk which I know that with little odd of games that has high chances of winning you will definitely winning staking 5btc to even 1.0 odd is  not bad you are still very safe to win such game 🎯 well I wish you good luck and with the strategy in which you are going to stake this game like your stated staking 5bitcoin with as low odd as 0.5 definitely you will win such staking I think so......

    ;D ;D ;D my reasons for laughing because there is no guarantee in winning mostly when it has something to do with gambling, gambling is all about luck and the odds you want to start are always against you.
   Staking with 5 BTC on 1.0 odd is not also a sure stake because you might also loose the 5BTC as there is nothing like guarantee in gamble.
   Gamble is all about luck and you can't do anything to win ones you aren't luck on your stakes.
   However it's also advised to gamble  with what you can afford to lose instant of gambling with what you can afford to lose.
   Also it's advised to gamble with shitcoins instead of gambling with  Bitcoin, Bitcoin is on the bull and when you gamble with Bitcoin you are losing more.

From the poll I conclude that most people here are poor and see 1 BTC as a big deal. Of course if you offer someone from the West a million dollars now or 5 million with a bet he will probably take 1 million now because it's such a large amount of money.

I don't see 1 BTC as a lot of money, so I'd risk the bet. Mathematically it's a much better option because you get 2:1, and with such odds you should be getting 2BTC, but you're getting 5, so 2,5x the base amount. Just do the math guys, trying for 5 BTC is so much better! No casino would offer you such trade because they know you'd have a huge advantage. I'm not even mentioning that you're getting free money without having to risk anything, but pure odds are great for this money.

Even when I bet, I prefer matches that I think are safe. Likewise, when I invest, I invest in projects that I think are solid. In other words, I always prioritize safer choices in every aspect of my life. If I was in such a dilemma, I would choose 1 BTC without much hesitation. By the way, I have to admit that I still don't own 1 BTC and I'm trying to own 1 BTC. In other words, 1 BTC also has a symbolic meaning for me.

Go away with 1 BTC and don't gamble? If this is it, I'll choose the safer option.

I might have 5 BTC but if the condition is to gamble that all then it makes no sense because I might just lose them all. Unlike with taking 1 BTC away and just go home effortlessly, that's what I'll choose.

So if the only condition is not to gamble or play then I'd be happy to accept that 1 BTC.  :D

I'm sorry if my question was not clear.

You can have 1 btc without doing anything

or

Win 5 btc with 50% chance of winning (and 50% chance of losing everything)

Personally, I'm not gambling enough to risk missing out on a bitcoin. Bitcoin is too much precious  8)

Whether you're poor or rich (I'm not talking about the very rich), one bitcoin is already a lot. It's true that 5 btc can represent a family home, and even much more in some countries.

That's why I'm interested in your point of view. I like polls, they give you other perspectives.

You know what they say, a bird in hand is better than 2 in the bush, but in the case, a Bitcoin in your wallet is way better than 5 Bitcoins you're not even sure of having. I believe the risk is just too much, and it goes against everything responsible gambling stands for. Gambling isn't a means to multiply your fortune or wealth, if you view it that way, you might end up loosing everything and left with nothing.

Only gamblers who allow greed cover their eyes would even dare to take such a risk.
In gambling, taking the sure thing over the risky option is like choosing a comfy couch over a bed of nails because you're simply playing safe and safe is very smart, not all risks are worth taking. Indeed the allure  of a x5 win could be really tempting but your ability to control yourself, decide and stand your ground not to fall into that pit is what makes you a responsible gambler.

I think true gamblers will return to gambling no matter how big they win. If you give 1 btc to a ordinary gambler or a newbie then he will be calm with that btc because that btc is enough for him. But if a person who uses more than one BTC for gambling is told that he is satisfied with 1 BTC or not? I think the answer is no. That is, he expects more than that. This will be the case with almost every human being. If I say in my case like yours I don't need to gamble anymore if I get 1 btc. Also gambling is uncertain so I will try to passively earn that money by using it in some other way.

I'd take it. I ain't dumb enough to lose money that's already in my hands to, well, more money that's NOT in my hands. Besides, in my current financial living situation, both of them pretty much equate to "big money" so rather thank taking the risk, I'd take the guaranteed one. I'd probably use a part of it to fuel my gambling which should be a pretty small part of it imo, and should be more than enough to satisfy my cravings.

The better idea for these types of questions is to get may be idk, 200-300% of their monthly income and then use that as the final (the one you're going to win if you bet) and their monthly income itself. That way the playing field is leveled/equal. I mean I reckon someone who can spend 1BTC in gambling in a month can have the luxury to afford to bet that 1BTC for 5, unlike us where 1BTC CAN be life changing.

Yes, I am a gambler, and if I am given this kind of offer, then I will be going for 1 BTC without gambling rather than choosing 5 BTC with gambling. I know the risk involved in gambling, and I won’t want to lose everything to gambling. I know the 5 bitcoin is kind of much, and it’s ridiculous to choose 1 bitcoin over 5 bitcoin, but sometimes we don’t have to be greedy, and when taking risks, we should be careful, we shouldn’t take risks blindly, and we should know that when gambling, there is no assurance of winning, anything can happen at any moment, so I can’t just take that risk, I will rather go away with 1 bitcoin than lose the 5 bitcoin later.

For me I think I will definitely choose 1btc that requires no stress at all although I must admit that this is just an expression offline because I know alot of person would definitely be tempted to choice the 5btc and besides your greed is still there and some people can just really get out the fact that the figure is much more fatter and bigger than 1btc but the truth is that the possibility that comes with enjoying the 5btc is slim since it involves gambling it.

gambling is a gambling and then when you give me such amount of BTC to enroll in gambling I don't think that I can use such values of BTC or amount of BTC to gamble because I know quite well that the dumpling is all about a risk and it is come the profitable by you or you lose whatever thing you have if I have such opportunity to gamble with the such amount of bitcoin I think that I will divide it into three and take one part of it to gamble in case if the gambling is against me then I will still have something to make use of it weather I use it for investment or I use it for driving I think that will be more profitable for me than using everything that I've been issues to me to gamble at once

Greed is human nature, so no doubt a lot may opt for aiming the 5BTC with a bet. I, on the other hand, if I already have 1BTC, I may explore the business aspect, even if it is small to generate passive income. Also, I will add tangible assets that I can fall back into in case something goes awry with my investments.


But if you have the option to gamble some, maybe. But if it is either you take 1BTC or bet it to make 5BTC? It is understandable that many will choose the 1BTC already, as there is already assurance that you have money that way.

That's no brainer question and will provably take the 1 BTC since that is sure profit already. There's a lot of things we can buy from that so there's no use to gamble that and gain nothing. Although its quiet good to gamble that 5 BTC but I don't want to get nothing at the end so most provably 1 BTC is enough for me then I cash it out then enjoy it.

I'm a gambler but will not spend any time to get stress and worried if there's something left in my hand and I believe many will pick the 1 BTC since there's no other effort just to be done and you have sure money on hand.

Are you really asking this question? I would rather take the 1 BTC and walk away without looking back than take a risk for which I don’t know what the outcome will look like.
 
This is gambling we are talking about here and not something we can be fully sure of, so instead of losing all the money because of my greed for the 5 BTC, I would rather take the 1 BTC and walk away without placing a bet.

Get that 1 Bitcoin and run away.
I don't like taking more risk if there's another offer where it's safer. Let the gamblers do the gambling. With the value of Bitcoin today, just 1 will suffice to make me pay for things that need to be paid and maybe have a comfortable life for another 5-10 years. That should be enough to save more money for the future of my kids.
It's not about how big the other offer is, it's what is in front of you that needs to be considered. If you are a family man and that money would help "right now" then I'd rather take it.
Sure, 5 BTC will be a game changer but if there's a word "gamble" then glued with it is a risk and the probability to lose is higher than winning.

If there would really be no strings attached into this one then i would really be definitely getting that 1 BTC any day and this is something that would really be a common thing. It is really just that there are
people who would really be taking the other option and play with it.I do agree into those points above that playing with higher amount could really be making your bets to be more versatile or something that
you could really be able to say that you could play even more, having the chance to make adjustments on which it could make that 5 btc to bit more higher and this is something that others been seeking that kind of possibility. This is why choices will differ into those people who are really that greedy and to those people who are tending to secure money for other purposes which it isnt really that a bad choice.
For those who are thinking investment then it is a wise choice in compared to those who are thinking about doing gambling.

Although it is just like an imaginary question since it will not happen in real life (may happen but in 1:1billion), I believe that most people will take 1btc away than take the chance to gamble for 5btc. 1btc is a decent amount for most people and with the current rate, it can be a life changing amount so I think those who will take the chance to gamble for 5btc are those who consider 1btc as small amount of money only aka rich people. Anyway, I do not really understand what is the main purpose of this question. Is it to know whether we are real gambler or not?

If we were to apply game theory, the correct answer is to pick the 5 BTC with 2 to 1 odds, the reason for this is that out of the three possible outcomes you can get, two are negative, meaning you do not get anything, and one of them is positive, so you get the 5 BTC.

This means that on average your EV is 1.66 BTC for every single time you were offered to make this choice, which is higher than the 1 BTC that you were being offered by not taking any chances.

I think there would still be people who would jump at the chance to have more. I don't doubt the greed of others. And depending on the day, the person wants to try and gets it into their head that they have nothing and if they try they will only win.

Not sure about it though, but I think he'd meant that the odds of you of winning the 5 btc is lesser than the odds of losing. So, basically it's just a win or lose scenario, you cannot win 1 or 2 bitcoin.
Well, the answer to the OP's question depends on the person's financial standing. A very rich man could easily pick the 5btc which equivalent to $360k at the current price rate regardless if he'd win or loss, it's still a free money. But for a person who lives in the middle class, $72k is already a good amount of money that you can use to either start your own business or use to add to your investments and gamble just a small amount portion of it. This question has no challenge to be honest, people could easily pick the 1btc because it is a free money.

If this really happened to me, maybe right then and there I would be in a quite confusing dilemma. Because if I choose 1 bitcoin without having to gamble it will be safer. Meanwhile, if I choose to receive 5 bitcoins by gambling, it might be a little risky. But the advantage, if I'm lucky, I can get more bitcoins. So I'm a little confused when it comes to deciding this.

But I already have the answer, namely I will choose 1 bitcoin without playing. Because I will not be a greedy person. Because if this really happened in my real life, I would definitely take the easiest path. Therefore, I chose to be given 1 bitcoin without having to gamble. Because what I understand from your question is that it refers to greedy and non-greedy attitudes. Because if I choose to be given 5 bitcoins to gamble, maybe I will be defeated by my greed and as a result I will lose in gambling.

Additionally, if I receive 1 bitcoin without playing, I am free to use that 1 bitcoin. So, for example, if I use a little Bitcoin to gamble, I will definitely be more confident and less afraid, because the capital used for gambling (BTC) is cold capital. So in conclusion, I choose to be given 1 bitcoin without gambling.

If the terms of getting the 1 Bitcoin is not hard to keep I rather collect the 1 Bitcoin instead of taking the risk to collect 5 Bitcoin that I might not even feel. 1 Bitcoin is a decent amount for someone.
However, 1 Bitcoin rate changed to my currency is 116.868.031 million if covert to naira. These amount is a decent one someone like a man or a woman can be able to make a living.
There are more gamblers/people that feels 1 bitcoin is not enough for them and trust be told that those people might be a millionaire.

As far as I understand it is not always easy to make the right decision. But if offered 1 btc for gambling or 5 btc by playing I will never take such risk. 1 btc I will keep for long term investment that will grow in value and there is no risk. But there are no guarantees in gambling. If you lose, it's all over. Gambling requires luck I will never waste 1 btc in the greed of getting more bitcoins.

Kahnemann would've told that you should go for the 5 BTC, but in television quizzes for example they know that most people needs or wants that 1 BTC and won't be willing to take the risk (it would be different of they invited rich people to play). It is probabilistically reasonable to take the risk, but when you have debt and this BTC can change your life it may be more intelligent to play safe and run with the money. 

OK, so if you simply apply math with the assumption of maximizing the reward, then clearly you have these expected values (multiplying by the odds):

1 * 1 BTC = 1 BTC

0.5 * 5 BTC = 2.5 BTC

So, simply because we are maximizing for returns, the second option, going for the 5 BTC is the clear winner.

But, if you apply this in real life, maybe 1 BTC is all that the person would ever need to retire and live a happy life.

In that case, then there would be no need to add the risk of getting the 5 BTC because the utility of the extra 4 BTC would be valued at 0.

In that scenario the person will clearly go for the 1 BTC as there is no extra incentives to get the 5 BTC with the extra risk.

Being risk adverse can really limit what we can achieve if we keep avoiding taking risks. Anyone who is bold enough to take the risk and play stands a chance of going home with more btc compared to a person who is just avoiding risks.

All along, I have always taken risks in gambling and most times, I do not even get to win. And now, I am given an offer of going home with 1 btc without playing,  meaning I wouldn't have to go through the stress of taking risks and I am sure of going home with something. I will accept the 1 btc and walk home happily.  The 5 btc offer is juicy, but will the risk be worth it considering what's at stake? Sometimes it is not always wrong trying to avoid risk and this time, I choose to avoid the risk and go home satisfied ;D. I know I am being risks adverse here but I deserve a break from taking risks ;D

I think I've already explained why, but I'll rephrase it more precisely. The psychology of players is very interesting. We see IRL that greed is often a source of total loss. In the survey, we see that most of the participants secure their winnings, but assume that a certain proportion would try for the 5 BTC (out of gambling or greed, being a gambler is not necessarily being greedy by the way).

It's interesting to see which type of profile emerges as the majority, most of whom are securing their winnings.

Such opportunities come by once a while and when you encounter such you grab it with your full chest,it's just like praying for a particular thing and when it pops up your excited and at this moment making decisions come into place whereby you knowing what to do with such opportunity.
But not to wake up to answering to a call of using such funds for Gambling,I'll hereby collect it and walk away,yes making decisions most times is difficult and usually when it involves money,funds,finances you will just be in total confusion in what to do,so it's better of before making decisions be in your quite and let out your mind on how to go about it.

I know most people when offered such opportunities will just take out some friends for drinking and gambling as well but after which when they are in the quite state,they now realize their decisions and actions and regret about it,do that's it.

If I get this offer, I will take the 5 btc only if they will allow me to gamble with it on my own decisions and not theirs.  If they agree to let me gamble on my own terms, I will take the risk to use 1 BTC and stake on a slot game that I can easily stop as soon as it gets to just 1X multiplayer. My next decision is to get some small odds games that am sure has at least 80% chance of going as predicted, then I will stake 0.1 BTC.......... And so on... I must be allowed to gamble with the 5 BTC on my own terms and decision, if there are conditions to it, I will rather take the 1 BTC and leave.

Being able to win but not fighting is better than fighting but having the risk of losing, simple analogy, if I can get 1 BTC without playing is much better than trying to bet and attempt to get 5 but having to beat the house and risk losing.

Sometimes making people greedy is how we get bigger profits, and such is the performance that is very promising for casinos to get huge profits,

Not in this case, it's clear what many people will choose to do, this will be the easiest choice for anyone to make unless they are of course very greedy like most gamblers are.

I will choose the 1 BTC any time of any day, because that's a whopping 70k on its own, holding for a long term in this bull market could result in $150,000 per Bitcoin, this is an easy thing to do instead of chasing numbers that could still fail you.

---

Go with the 5 Btc and see what happens, there is a very high chance that you will end up with Zero, because the only way you can win this 5BTC is on luck, think luck follows you every now and then? Put it to test and let's see, you will be disappointed in yourself for been too greedy.

This is already our chance to get some money by doing nothing so why would I risk to gamble on unsure situation when there's a sure profit to take without anything ask for returns. This is why the same with other people choosing 1 BTC I also go with their choice for practical reasons and for sure a lot of people would understand our choice since this is sure money to take home.

If we choose to be greedy and take that 5BTC with conditions attached then for sure that we will regret our decision not to take the 1 BTC and we might just think about the missing chances that we let go of we are going to make this happen.

A choice that creates a dilemma. An offer of 1 BTC for free which we can immediately take home without having to play a game should be the most logical choice because we don't have to fight with risks. However, the 5 BTC offer is also very attractive, even though there are risks in getting it. If in the end nothing can be obtained, this actually doesn't result in a loss, because from the start we didn't spend any money at all, it's just that we missed the income of 1 BTC which can be obtained for free.

Whatever I choose, it will provide curiosity and perhaps regret, and for this reason I prefer to get 5 BTC with the risk that must be faced. I know, this might be considered that I am too greedy but at least there is no curiosity that will continue to swirl in my mind.

Only a fool or addicted gambler will want to see an amazing opportunity like this and miss out in it, that is why we are talking about greediness in gambling, isn't it profitable to just take the 1btc and leave than taking the risk of gambling a 50x50 percent chance for loosing or sinning and end up loosing at the end just because of 4btc difference, if we have a good plan, we can make that 1btc yield another of its kind if we invested and so on we go increasing the money to always double than wanting to earn big and loose the entire money and opportunity for nothing.

Yup.

It's already money and you can take that away without having to take any risk. I know that there are people that are up for risks to have some more.

But with this kind of opportunity, I'd be happy to walk away and just take that 1 btc than going on with 5 btc but I have no assurance if I'll ever get that.

This is an old economic problem that illustrates how behavior changes depending on the value of the issue. Obviously, from a mathematical point of view, you need to play since the expected profit will be 2.5 btc, which is significantly more than 1 btc. But in fact, most people will choose a reliable 1 btc since this is a significant amount and no one wants to risk it. As can be seen from the voting, for most participants 1 btc is a serious amount.

The answer should be pretty obvious but let's make it realistic. No one will offer BTC1 to me for just simply not playing. There should be lots of footnotes under that. There should be terms, rules, considerations, given factors, things to do, and something along those lines.

My final answer? - Depending on the terms.

- Once the terms are cleared, that's where will I just fully understand what choice should I make.

If having that BTC1 is not associated with any kind of risks? Just a free money offer for the sake of myself won't be playing?

If that's the case, I'm the dumbest person in the world if I don't take it. Though is that really possible?

I will put my response this way, if I need to play those both offers, I will choose the latter offer. More bankroll means more chances of getting a win and maximize my strategy regardless if I will play luck-based games or sports betting. But with no risks at all needed and I will get easily that BTC1, then I will get choose that, straight to the point.

Give me the 1BTC and let me go with it. No one is a perfect predictor and if you’re to predict the outcome of an event, no one is perfect and you can lose this golden opportunity forever. If this offer comes for me like five times or more, I will continue chosen it over gambling to get an higher amount which is not a certainty for me to win. Even I have been a good predictor, for that day, I won’t allow greed to overcome me to lose the opportunity, I will take my 1BTC and leave.

Very interesting gambling option and it would take a real gambler to pick the 5 bitcoin offer over the one bitcoin, I've actually encountered this same argument before and many of my friends actually chose to gamble and they said if we actually get it right we are leaving here with 5 more bitcoin than every other person and I think for anyone to go for the risky part he is either crazy or so greedy and in this case greedy.

For me I'm definitely choosing the one bitcoin, that could really solve a lot for me, and I think I could use this opportunity to improve my accumulation stage a bit and if I hold longer it might be worth a lot to me and I don't think bitcoin is an asset worth gambling over.

In this situation, what is considered is more the certainty that 1 BTC will be worth much more over time. I believe that if it were used with Dollars or Euros for example. There would be more people trying their luck. There is a bias in this question.

It really depends on the actual real world value of the 5 BTC vs 1 BTC.

If for example the value was 1 cent, then it doesn't really matter either way, and might as well get the riskier one.

But if 1 BTC is enough to change your life, then it would be silly to risk it since you wouldn't really need 5 times that.

I bet you a non gambler will definitely pick the choice of having one BTC instantly. And of course it is a very rational choice. The 5 BTC bet is just a probability that would favor you with the prize if you eventually win. However it smart to consider the fact that if you lose you lose it all. No matter how calculative you tend to be or how much analysis you put into consideration, you still have a possibility of losing which is very risky for such an amount. As a gambler you have to reason properly and not just hope to win all the time because unfortunately you can't win everytime and losing such an amount is not nice at all.
And of course some persons will pick the choice of the 5 BTC bet hoping to win staking at a great risk. Besides an  AI will pick the 1btc since the odds of having it is one whereas the 5 BTC bet has a much smaller odd.

There are many gamblers that loves the risk aspect of gambling, it has become a adventure-like experience, they will surely go for the 5BTC with it's trial, and if they lose they will take it as another lose day in gambling.

I won't say that it's greed, cos few of them want the excitement that comes with the possibility of winning that 5BTC but I don't crave for such excitement, I would rather take the 1 Bitcoin because it's easy as it gets, no extra stress included.

In today's world, 1 Bitcoin will do wonders in your life, I will feel more satisfied taking this 1 Bitcoin and gladly walk away with my head facing straight up as I walk away, in boldness of course, there is no risk attached to the 1 Bitcoin and this makes it the best option instead of the 5 Bitcoin.

You are right and I agree with you. We cannot think that 5 BTC is better than 1 BTC because you will definitely get 1 BTC but you still have a 50:50 chance of getting 5 BTC. Of course it would be nice if it turns out you can actually get 5 BTC but I personally wouldn't risk my 1 BTC for 5 BTC. Give me 1 BTC and I will trade in futures or spot. I will trade the right amount and the rest I will invest in altcoins. 1 BTC can really be useful for many things. And I would rather bet on futures than bet 5 BTC at the start.

Simple decision, scared money doesn't make money. I'm gonna make the bet and try to get 10 btc. It makes no sense to not take the gamble if its free money, yea I might lose my bet but I don't lose anything. I don't see why people wouldn't want to take a shot at big money.

Yes, takes 1 BTC than getting 5 BTC to playing gambling gives risky for you, especially if you see that you don't have a big chance to win on gambling. It's better to take 1 BTC and leave the casino than trying to get 5 BTC and playing gambling then withdraw the money. We don't have a guarantee to win on the gambling games so we must prepare for the outcomes if we choose the 5 BTC. For a gambler, they will takes 5 BTC and playing gambling to increase the BTC amount. Winning and losing will not be a problem for them as they only wants to playing gambling because 5 BTC is a big money for them now. If that is comes to trading, I will used it futures and spots trading because that amount is bigger and I can use it to make some profits.

Great mindset for a gambler and it shows how passionate you are for targeting to win huge by not spending any cents coming from your wallet so for sure if you are lucky you can hit that target then earn a lot of money.

But I respect the decision of other since maybe same as me they are low ballers and they can't afford to lose huge especially if there's already a lot of balance given without any conditions asked. So I guess majority will select to take it out and enjoy spending the money in real life and maybe they can use it on other way to generate them another source of profit.

I'm a gambler but I'd get the 1 btc in this case. I won't even risk the chance at all. It may be 5 times more than what was being offered to me as free, but I could leave empty-handed if ever luck doesn't work out in my favor. Most gamblers would surely opt to take a chance at the 5 btc, but that's being greedy considering you could potentially gain 1 bitcoin without staking anything.

Take profits whenever you can, even if there is a potential of getting more than what is offered right in front of you. Besides, you are not sure what the outcome would be. Set aside greed and be happy with what's being offered for free.

I choose to get one BTC and use 0.1 BTC for gambling, so at least I've pocketed 0.9 BTC and I don't care if I lose or win with the rest coins.

The good thing is in order to trade futures or spot and invest in altcoins, you don't have to have 1 BTC! you can start as small as possible.

I'm sure you at least have some money, if you don't trade regularly and invest in altcoins, or you have do that but you're not make money from it. I'm sure even you have 1 BTC, the result is same like what you currently have right now.

The fact that you don’t lose anything is self-deception, since you lose (in case of loss) 1 bitcoin. Just because you got this bitcoin for free does not mean that losing it will cost nothing. As for the risk in trying to get big money, apparently for you it starts with 10 bitcoins, but for many other people it starts with one.
I think for you, too, there is a level where you will immediately take the money and do not dare to take risks. For example 100 bitcoins? It is unlikely that you will decide to take a risk to get 500 if you already have a guaranteed 100.

We all like the easy way out, isn't it? Haha, you said you might lose the bet but in the end, you don't lose anything, that's wrong, you just lost a BTC, which required nothing to win in the first place.

I think the term 'scared money doesn't make money' doesn't fit in the gambling landscape, it fits more in the investment space, The money we risk on gambling should be scared money because gambling is way more brutal than investing in the stock market or crypto assets.

I respect your opinion, it seems that you are someone who prefers the thrill of gambling, I get that, but I am better off taking the free BTC, if I miss the thrill to try my luck I will just grab my laptop and visit a online casino.

Of course this is also definitely something that should be put into consideration. Value matters a lot especially when you gamble. As a responsible gambler you should have a limit and also a range of amount you put into stakes during gambling activities. In a situation like this, it is important to consider if the stake is below your means or above your means. As a smart individual you also have to consider the fact if the stake is actually worth it and making this part of the decision requires you to know the probability of you being able to make a win which in a case like this is usually very thin due to the large prize at stake.
When gambling we say to stake what we can afford to lose and as a gambler if you can afford to lose 5 BTC, then taking the bet is a fair option then if not it could be view as a risk taking action.

And never mind that is just a dream, does not have to argue logically, it seems that it is only the shadow that is given to provoke our logic in discussing, so want to choose any option is true, because it is only an expectation, and say who will be Give 1 BTC to us today for free right?

There is no greed in the natural phenomenon of thinking, you might get 5 BTC by daydreaming too, this thing happens because the OP discusses it starts with the word "if" then we just need to follow where he will try to lure us to discuss.

If I was given 200 BTC. LOL

With gambling you are not sure of anything, you can win or you can lose. Your question is also confusing because you didn't state what the odds of the bet is going to be and how much is going to be staked. However, i think the better option is to go with the money as gambling is too risky and you can lose everything if you go with that option.

Your decision is just someone how funny to me , I would rather collect one Bitcoin than expecting to win a bet of five Bitcoin. Life can be very funny when we intend to win a bet of such an huge amount of money. It going to look like 50/50 that is while we need to be wise when taking this kind of decision. Making money is could look very easy but it can be very hard for us. This is a decision many persons would have to think twice before that decision on which one to go for because greed will always ready to attract them to choose a bet of 5 BTC than a single BTC in there portfolio. I think a bird in hand worth 1000000 million in the forest.

I'm a gambling man (at least I think), I've taken far greater risks than this that I could say with full certainty I wouldn't be too fazed by the prospect of a bitcoin. But in the face of getting a guaranteed reward with no strings attached against a higher reward with the catch of putting it into chance, I'd choose the guaranteed one all day. There's just no question about it. You as a gambler know that it's always better to get guaranteed rewards than putting it all into luck and chance-based mechanics, and even though 1 bitcoin's smaller compared to 5 bitcoin, In the face of a large amount of money it doesn't really matter anymore, regardless of if you didn't get the 5 bitcoin, by choosing the former choice you're already setting yourself up to a little over 70k USD, which is not so bad if I do say so myself.

I wouldn't persecute the others who chose to gamble their luck and play with the 5 bitcoin gamble, it's just not my cup of tea and perhaps have you made a more compelling comparison I may have chosen to play bets with you but it's just so easy, you're giving me all the things to work with and none for you, the choice is simple and I think a lot of people in here would agree with me too.

This is also my view, and in addition there is the "weight" in relation to 1BTC, which tends to be a great asset. So, in this situation, practically all people will take the immediate route.

The conditions are quite clear: a bet on winning 5 btc will work with a 50% probability. And it's free. That is, in fact, if you could make such a bet indefinitely, on average you would receive 2.5 btc at a time.
This is precisely the essence of what a person will choose: less but guaranteed money or more money but with the risk of not getting anything.
I think if you were offered $50 or a free bet where you have a 50% chance of winning $10,000, you would choose the second option.
It all depends on the size of the guaranteed amount.

A chance of 2 to 1 seems promising but we should realize that this is gambling and sh!t can happen here. We already heard lots of stories on how a sure bettor can still lose their picks, plus a lot of us have always been dreaming of obtaining a 1 whole Bitcoin, so I think many are also going to choose this option than the other.

If only they will change the rules for the 5 BTC bet like achieve a certain amount of wager and then we are free to adjust our odds and pick our games, maybe many people will also consider it, because they can just play a game like dice and set the winning chance to the highest level. I think it was 98%, and we can now wager safely.

I think this depends on the person who is given the offer, if that person has 100 BTC for example, surely he will risk and try to get 5 BTC, but if the person who is offered has a little BTC and he also collects it very difficult, surely he will choose to take 1 BTC, regardless of the comparative opportunities given to him and depending on whether he is greedy or not.

If I accept the offer, I'd rather get 1 BTC without risking anything, because that's more than enough that I can get, because collecting 1 BTC is very difficult for me personally.

A bird in the hand is worth five in the bush... 1BTC is already a pretty decent sum of money, so I see no reason to be greedy at a point of risking not receiving a single Bitcoin in order to persue an hypothetical 5BTC which may never come into your hands. 1 Bitcoin can be already a life changer for you and a good tool to start raising your finances. You can simply hold it in your wallet, or you can sell it and invest the money to generate passive or active income from it.

Of course it would be great to receive 5 Bitcoins at once, but considering the risks involved and the fact that we are also talking about 1 Bitcoin for free, without any risks and efforts from your side, I think it's wiser to go for the "safest bet", which in this case comes without any dangers and requirements to be completed by you in counterpart. In every cases, if you are a smart, patient, responsible and dedicated investor, I'm sure you can turn that single Bitcoin into 5 Bitcoins or even more futurely, as you keep working and managing it.

Obviously get one BTC.

I don't think there's a person will regret to choose one BTC because they will use the money to buy many thing that they wants, so they won't think the need to search more money.

Imagine if someone choose the second option, he will regret if he didn't get it. Even though he didn't risking anything, but he lose an opportunity to have one BTC for free. Come on this is $70K, you might not able to get this offer in the future lol.

The main issue I see with this whole thing is that the stakes are too damn high, literally!  I mean, we're talking about betting 1 whole bitcoin here! Even just taking the guaranteed 1 btc prize sounds awesome.  But if you think about it, it's still a freaking lot of cash and  a single bitcoin is nothing to sneeze at for most folks out there.  That's some serious dough were dealing with regardless of how you look at it.

No one would really be that so easily be making a 1 whole coin on every bet on which we do know on whats the value of it. If you are given into these kind of options or choices then majority of us would really be ensuring that 1 BTC and take it out and turn your back rather than on having 5 but you would be needing it to gamble it down.I dont really have that much confidence when it comes to this one
and we do know that it would be always better on having that sure money rather than on taking up some stakes on which you do know that you would be ended up on nothing or empty handed.
So it would be always wise to take those sure money rather than on having those kind of gambling arrangement. Free money is free money and as long there's no catch into it then
it would be always better i should say.

Exactly, there's no rush, the 1 btc that I'm sure of today has the possibility of multiplying itself over time we've seen the price of BTC double, even triple in the space of few years. Take for example, as at January last year, the price of BTC was around $16k, if someone was given 1btc as at then and he decided to hold, that 1btc by now would've been 4btc plus.

I think holding is even a better option than gambling with you're future and a bird at hand is worth more than thousands in the bush. There's every possibility that the bet will lost, and by then, you be  all regrets why you wasted so much money on mere gambling. The risk isn't just worth taking.

There's undeniable appeal in walking away with 1 BTC.  It's a sure thing, a risk-free gain.  This option represents security, the satisfaction of having something tangible without the emotional rollercoaster of gambling.  Imagine finding a crisp dollar bill on the sidewalk – a pleasant surprise without any strings attached.

But the chance to multiply your holdings by five is undeniably tempting.  The potential for exponential growth is a siren song for many investors.  However, this path is fraught with risk.  The 2:1 odds suggest it's a gamble, not a guaranteed win.

Very complicated question but trust me ill never gamble any amount of btc at this stage ill choose the one btc asap. One btc is enough for me to reach the level of where i want to be. It pains me that this is just an imagination, i wished it was real and this offer was given to me. I wont hesitate on making my decisions which is obviously to choose the one btc.

I cant imagine my self gambling and unfortunately losing everything when i could just have that one btc and walk away. Guess you will feel am not a real gambler? Yes, i am a gambler but i wont make wrong decisions when am supposed to.

Accepting and zoom off from the site is the best option than going into what I don't know will be the result maybe I can make judicious use of the 1 btc at hand than going for a 5 btc bet. We should also calculate the risk involved in this game because sometimes bet doesn't always go as we may have planned it otherwise going for the 5 btc is the best, without applying greed because most people is carried away with much profits.

It is very easy for one to make the right decision if they can remove greed from their thought and be contented with what is been presented to them no matter how little or big it is at the first instance. However, being offered 1 BTC is enough for me not to try my luck on gambling for a day, weeks or months without issues since I will not be risking it to gain more BTC or not like someone who has 5 BTC and still wants more BTC by risking the one they have. Is it not foolishness? It is if I am to say

You are too serious, of course this is an illusory question and only an imaginative answer because no one offers 1 btc for free to anyone, but your statement above is very correct to choose a guarantee of 1 btc compared to choosing 5 btc which is not guaranteed to be owned depending on the winnings on the bet .

Of course they will not use all the funds for betting because we are guaranteed to get 1 BTC without having to gamble, we may only use part of 7% for gambling but the use of funds will be deposited gradually to avoid high losses.

A gambler will not see it as foolishness but as a way to add more coin to his/her wallet. Most gamblers sees themselves as a winner even when they are losing. Only few gamblers that are not greedy can stay on the one BTC. Although I'm a gambler but I will hold to one BTC because if I decide to go more further I may end up losing all.

Yes, if a gambler is blinded by the idea of simply maximizing their returns, no matter what, then they clearly will go for the 5 BTC.

As I've mentioned before, in some cases that is actually not the rational thing to do, when you compare the values of 1 vs 5 BTC as in "enough".

In a similar way that 5 times 0 is still 0, 5 times "more than enough" is still "more than enough".

Generally there are two aspects one is to take one bitcoin only, and secondly collect 4 in gambling or betting. I have learned to take risks in life because it is so sweet to enjoy progress through hard work. But the results of easy work are bitter, so I gamble and take risks in life to improve success. Don't try to save yourself for just one bitcoin, you should never run away from the battlefield but move forward.

1 bitcoin all the way, if there's a risk that's not favoring me in any way, I don't want to take it. I have been gambling on and off because I know how bad my gambling luck is and that's also the reason why in this hypothetical situation I'm almost always going to choose that one because I know how valuable bitcoin's going to be if I just hodl on to it long enough, I'm going to be making a profit, sure 5 bitcoins are more than one but if there's an opportunity that a free bitcoin is going to be given to me with an optional choice of not getting it although there's a higher reward, then the most logical that I would do in that situation is to just go for the free bitcoin.

Knowing my abilities, and all my knowledge, I believe that I am capable of Accepting 1 BTC, because with 1 BTC I know that this will be for my future, if it is to play in a casino what I can do is always give me Confidence that I can play with little ,Money and entertain myself for a while and now, there is no problem because I play with little money , I will still have my fun time or different moment, I consider that that is all that matters, but 1 btc is for the future, not to Exchange it right now, maybe to consider changing it in 10 years I know that Bitcoin will have a very inflated value and that it will not stop, that is what a person like me would do, they can tell me that I am fearful or whatever, but first I I'm going to be sure, I can have 5TBTC but in a casino if you don't play carefully and follow it, you will lose because the casino System is made to always Guarantee the house advantage.

I wouldn't think so much about it, I would do things that way Because I know that things in casinos can happen that way, that's why I would much rather be safe than sorry, many people lose large amounts of money, but because they are rich, it doesn't matter to them at all. in your life, but I am not a millionaire and I must take advantage of the opportunities that life gives me.

Majority of those commenting will go for the 1BTC, that was actually my initial position before I gave it a second thought. I can actually go for the 5BTC and if the condition is to double it before I can withdraw, I can actually achieve it. It is simple to achieve. I will select the big European teams like Real Madrid, PSG, Man City, Liverpool, Arsenal, Bayern Munic, PSV and Bayern Leverkusen, any of them playing at home and against a smaller time will be selected. A combination of three of them will give me up to 1.6 odds which I will be 2BTC. If I continue this for two rounds I would have doubled the funds in a space of a month. At the stage the leagues are now, it is rare for e big teams to lose against small teams.

Same here, I won't be greedy aiming for higher amount. 1BTC is a sure fund in hand.  I would rather choose the one that is 100% claimable than a higher amount but need to gamble.  Gambling has random results, no matter how high the odds is we are not sure whether we will win or not. Just take a dice with 98% chance of winning having a result of consecutive losses. what more the 50% chance?  I will not risk the 1 BTC for 5 BTC.  It is a good enough fund to setup a business that can yield more than 5 BTC if becomes successful.


In a game of chance there is no guarantee that you can 100% achieve it.  Even a parlay in sports betting does not guarantee a 100% winning result, let alone the chance of upset in every match.  Your calculation is an assumption that the result of the match goes your way, but what if it does not go your way?

I think it is much better to take 1 BTC and gamble it to become 5 BTC, than choosing 5 BTC where we have a chance of losing even before we have the grasp of the fund.  At least with 1 BTC as the initial bankroll, a 5x of the bankroll is somehow doable even with medium luck.

It really depends on odds, if you are very likely to win the 5BTC at this game, I would take this option for sure. For this kind of amounts, I think I would be ready to lose the 1BTC in order to try to win the 5BTC if I have more than 80% chances to win. Below such likelihood it would be very difficult for me, and I would take the safe 1BTC option IMO

I believe in my current living conditions and the needs of my family and those I care about, I would be more inclined into taking a whole BTC without risk instead trying my luck.
I know this is supposed to be the gambling board and we all are here because we like gambling, but such an opportunity like this one to get a while Bitcoin is too tempting to allow to pass, at least in my personal case.
Anyways, looking at the results of the survey, it would seem to me that most of people here in the forum agree with me that it is better to take free money than messing with ones luck.
I don't know about you, but I have proven myself to be quite a person who does not have much luck woth casino games (I never had good luck with dices) so I would rather to continue to further push my luck and accumulate regrets like this one.


We have a saying here in the Spanish Speaking world about it. "Más vale pájaro en mano que mil volando". It could be translated like: A bird in one's hand is of more worth than thousands birds flying in the sky".

As someone who barely gambles, I'd take the locked in money straight away or.. lay the bet off elsewhere so you are guaranteed to lock in an extra profit beyond the basic 1 btc - but that is probably pushing the limits of this theoretical idea. I would expect most people in a gambling forum would push for the 5 BTC, but I personally would be happier to sit with a guaranteed amount rather than potentially nothing. With money in the bank it is possible to make more money, however you can't do that with thin air if you lost the bet. I've just seen so many failed bets that seem like "sure wins" that it would put me off messing with larger amounts. If it was between $100 and $500 though, I'd probably gamble for the $500.

I must say that this is the simplest question and option ever asked and given to me respectively, and of course, I will opt for the first option. I will gently, majestically and proudly take my 1 BTC and quit. This is more honourable and sensible because, with 1 BTC, you can certainly make the multiples of the 5 BTC you wanted to risk it for. Gambling is risky, it can come out to be in your favour or disfavour., what if it disfavored you, what do you do? Such even pians more.

I've seen some people betted senselessly like that when it comes to some contest, it is bad and I do not know the reason why I would do a thing like that.

Imagine, I have a sure money which I can invest to make more money but I will now opt for the unsure money that can even take all benefits away from me? I will not think it twice, I will opt for the sure options. I can now do business with it, bet with part of it and also do a whole lot of meaningful things and activities with it and still have savings with it instead of losing it all foolishly.

It also depends on whether I have other BTC and how many I own. I probably wouldn't risk such a large sum, but if I were a multimillionaire the situation would be different. As you already wrote, it depends on the betting odds. If the probability is very high, I would be more likely to place the bet.

I won’t even think about it twice, I know the risk involved in gambling, I know the amount 1 bitcoin worth if it’s converted to my local currency, i will be able to establish myself, and maybe I will be Rich for life. Am sure some people will still want to go for the 5 bitcoin but they won’t even think about the risk involved in it, I don’t just know why some people are always so confident whenever they are gambling, they don’t believe they will lose, and after losing they will end up regretting why they didn’t just go for the 1 bitcoin.

That's a realistic choice rather than us making bets which in fact will be able to destroy 1 BTC, and yes we can use 1BTC to build a business for long-term income and get more BTC from the results of the business, but this opportunity is more visible to people who understand business, different from people with a gambler mentality, will definitely use BTC for gambling, whether it's all or half of it.

Yes, I agree with you, however, the condition of the big team sometimes becomes a bad thing because it can lose to a weak team, this often happens we witness on the soccer field, of course for those of you who are familiar with the possibilities in betting understand more, especially often in soccer.

This is really interesting just because you would know if the person you are asking it with is a gambler or not. I believe I would be picking thee sure thing, 1 BTC because it's a lot already and not doing anything about it makes it more enticing for me. The gambling chance of the x5 of the current prize is tempting but I would want the sure thing because it's not always going to be the case "if it was offered". I'm just being realistic.

Exactly, your thinking is that of most people who respond to the survey, as we will always think of 1 BTC converted to fiat currency, not as 1 BTC. People who understand this will opt for the second option.

I am not a hardcore gambler, I will definitely go for the 1 bitcoin without gambling, rather than chose to have 5 with gambling, for in gambling, there is no guarantee of any kind, I might choose to have 5 bitcoin in gambling and end up not winning it.
I can only choose to have 5 bitcoin in gambling if there is a sure guarantee that I will win the 5 bitcoin, which actually changes the whole thing and makes the whole game useless, for what essence is it to choose to have 1 bitcoin without gambling when there is a guarantee that I can get 5 if I gamble, and doesn't matter if I lose or win.

So, in the nutshell, it's better for me to have 1 sure bitcoin without gambling, than hoping to win 5 bitcoin through gambling without any guarantee, it is commonly and often said that, a bird at hand is worth millions of birds in the bush, which simply means that, that which small amount we have with guarantee, is much more than that which is many, but no guarantee that we can have it or them.

Yes, its free money then i cant just let myself would be able to missed the opportunity on getting 1 free BTC that even upto now i cant get a hold off with that amount.
Yes 5 BTC sounds nice but if you would really be needing for you to gamble those amounts then its up to you but we know that  risks of losing in gambling is high. So it would be better
to be sure on securing that 1 whole coin rather than busting up that 5btc and left nothing for you. Just like been said by others that it would really be something that suspicious that
someone will be giving out 1btc without any catch. If its actually free then for sure majority of us would really be sticking into this option.
Free money is free money and there's no one on this world would be giving out eh.?

The OP gave chances of 2 to 1 for this bet, which means a 33% chance of winning the 5 BTC, so I suppose you would take the safest option and go for the 1 BTC, which is not wrong as many people prefer to take the safest option when given a chance.

But since this kind of bet has no inherent risk, since we have not staked anything to deserve it, I will be willing to take the risk and go for the 5 BTC, as this is the option that makes the most sense mathematically.

1 BTC without playing? You mean that someone is going to give me 1 BTC for nothing? Everyone with a brain will choose the first option.
Getting money with zero risk will always beat gambling. You didn't mention how much should anyone bet in order to get 5 BTC. You say that the chance is 2 to 1, does that mean that we should bet 2.5 BTC in order to get 5 BTC? I don't believe that any serious gambler would risk 2.5 BTC for the opportunity to double it. You are kinda wrong about this. It's easy to make the right decision when you are rational. The problem is that many gambling addicts don't think rationally. They just keep chasing the big profits and are willing to risk everything.

I think they are basically saying these two scenarios:

- A) you bet 1 BTC and get 2 BTC back with 100% probability (expected return is 1 BTC)

- B) you bet 1 BTC and get 6 BTC back with 50% probability (expected return is 2.5 BTC)

So, if you simply use math and maximize return, you would choose B), but if you prefer certainty, you choose A).

I still think that if there was anything else at stake other than 1 BTC guaranteed for example, there would be more supporters of the other option. Because people often consider the value of BTC in USD or in their local currency. And this influences, tends to choose.

Yeah, I think it changes everything if you consider the actual purchasing power of 1 BTC vs 5 BTC.

If you value it at almost $0, then 1 or 5 BTC doesn't really matter.

In a similar way, if you value it at "more than enough" then it also doesn't matter, so basically 1 BTC ~ 5 BTC so you would choose the less riskier option.

Mathematics has variations in application  ;)
You are absolutely right, but someone can make other calculations, for example, not count the expected return, but compare the potential maximum losses. In this case, in the first option there are no losses at all, and in the second case the maximum loss can be 1 btc. And then mathematics tells us to choose the first case.

You are absolutely right.

And the thing is that the original problem didn't have any specifications in terms of the original bet. So we can make up whatever we want.

I think that the point is to think about what you are betting, and what you are getting in the end. That is a useful thing and can be applied to anything.

Get the 1 BTC you have seen which is more better than the 5 BTC with a bet you don't know what it will bring in the future and it can either make you to lose the 5 BTC because nobody is perfect in the gambling system and anything can happen that will make you happy when you win or sad when you lose.

 I know there are some gamblers that will not cash out with 1 BTC than to continue pushing the 5 BTC that will make them to lose everything in the future and, we have see many gamblers in such opportunity but they loss everything at the end, but if am in such position I will cash out with the 1 BTC.

A 50% chance to get a 5x increase...  Seems like a no brainer to me.  I'm taking those odds all day long.  Even the best of casino odds are less than 2 to 1 when it comes to doubling your money (think the green squares on roulette) and you're talking about even odds with a 5x payout...  Anyone who says they would take the 1 BTC and gambles should slap themselves.  That's like a ton of bets with more than 5x the odds you play for usually.  You could even make a side bet of 1 BTC that you will lose and worst case scenario you break even, best case scenario you win 4 BTC.

One option – receiving 1 Bitcoin without gambling – offers guaranteed safety and immediate access.  It's the "easy path,"  like taking a familiar route on a map.

The other option – gambling for 5 Bitcoins – presents a tempting lure.  Imagine the potential for significant gains, a shortcut to a larger Bitcoin holding.  However, as you acknowledge, it's a risky path, fraught with the possibility of losing everything.  It's like venturing into uncharted territory on the map – exciting but potentially perilous.

Choosing the "non-greedy" option by taking 1 Bitcoin highlights your risk tolerance and your comfort level with a guaranteed outcome.  It's a smart decision for someone who prioritizes security and doesn't have a high appetite for risk.

1 BTC is something I cannot afford to lose so I will definitely take it right away. I have goals at the moment and this year and next year are expected to have huge bull run swings. I'd rather invest a big part of it and then use part of it into my regular sports betting.

Maybe if the situation happened 6 years ago there is a high chance that I will take the first option because I owned a lot of bitcoins back then. So for me it is really important to bet within your means. So I'd be happy and contented with the second option.

It's a great point of view. But I find it interesting that most people will always follow the guarantee because it is natural that everyone wants easier money. So the answer will depend on the user's current situation

You know what they say about a bird in hand being worth more than two in the bush.
For me, I wouldn’t need much time to deliberate on this as I would certainly go with taking one bitcoin. I’ll prefer to go with something sure. The 1 bitcoin that’s being offered is certain while there is the possibility of losing out entirely while trying out your luck to get 5 bitcoins.
There may be people willing to risk it and go for the 5 bitcoin. I wouldn’t exactly say some people amongst those bunch are motivated by greed to do so but it’s obvious the thought of having 5 bitcoins could be tempting.

By the way, a very interesting and unusual question. It's rare to find a theme that's unusual. This is exactly the case.
My answer will be short. I would still choose one bitcoin. Because if I chose 5 and didn’t win, I would greatly regret it. We have a saying: “Better a bird in the hand than a pie in the sky.” But if I were a millionaire and this money did not influence me much, then most likely I would choose 5 bitcoins with a 50/50 probability

Actually this could really give out that kind of doubt or hesitance on not to get that 5 Bitcoin because if the agreement is that you could be able to get all the winnings you could be able to win up on using that 5BTC
on which we know that this kind of balance isnt something that you could really be able to experience because there are average gamblers who cant really be able to have that 5BTC balance. This is why if you
are somehow that a true gambler and wouldnt mind about securing that 1 BTC then you would be going into that 5 option on which you would really be thinking about those probabilities
that you might be able to make something much more that 1BTC with that kind of balance.So choices would really be that depending into those people who had those kind of thinking.

Really, this is not an easy choice. A gambler will ignore 1 bitcoin and will consider a 2:1 chance of winning 5 bitcoins because that 2:1 chance is too big to ignore. Others will choose 1 bitcoin and enjoy it, but they are not true gamblers by nature. Maybe they are just having fun at gambling, but a true gambler will definitely choose something bigger even if the odds seem small.

If this is just an offer I will choose to get 5 BTC but have to bet.
wait a minute, this is not about greedy but this is about the offer to get 5 BTC and its meaning does not spend too much money but can get 5 BTC even though they have to take risks.
the question does not have a guarantee to get 5 BTC but what's wrong with us trying to get a bigger one as long as we don't use a large amount.
I am not a gambling addict but rather often takes a small amount of risk to try to get big luck.

I read the other reply choosing to receive 1 BTC without doing anything or avoiding the risk of gambling while for me to live is a risk that must be lived and we also will not know whether 1 BTC will really be used for investment but what I know when someone is often gambling and getting large amounts of money will certainly continue to gamble and even increase the amount of budget for gambling.

The answer to your question is actually very easy. If a gambler is not an addict, I am sure that they will choose to take 1 bitcoin even if they don't gamble anymore, because, of course, in their minds, that is money for sure.

Let's assume that it's really true. I'm going to take 1 bitcoin, and I'm going to take out half of it right away and change it to our fiat, then I'm going to hold the remaining 0.5 bitcoin and wait for it to go x3 or x4. I'm okay with that.

The "bird in the hand" and "two in the bush" concepts are very relevant here! I believe that the decision to pick the most secure choice (1 bitcoin) or to take a risk in the hope of receiving a larger payoff (5 bitcoins) can be influenced by a variety of circumstances. For example, a risk-averse person may constantly go for the safe option, but a risk-taker may opt for the larger prize.

It's the chance of a lifetime for many people, so the guaranteed option is the easiest and most practical for these people. This choice is natural. But anyone who really wants to have adventure and tension in this "easy" choice can opt for the other option!

One particular aspect to be considered is also the fact that it's not EV the only parameter.
Take this, for example: you pay 0.01 BTC to enter a lottery, and you get 0 with 50% probability, or 0.02 BTC with 50% probability?
The game is fair, would you enter? maybe yes, if you are risk-neutral.
Would you enter a lottery where you pay 1 BTC to enter to get 0 with 50% probability or 2 BTC with 50% probability?
It is the same exact chance of winning, but the payoff is greater. Maybe the risk of losing is shifting your risk aversion, so you want a hedge to the upside in your bet: you might want to enter a lottery where you pay 1 BTC to get 0 with 50% probability or 2.1 BTC with 50% probability.
This is only a simple model to make you understand how difficult is to estimate risk aversion.

This is about smart investing selections. While the quick 1 BTC payout feels safe, it limits your returns.

I now believe in sensible risks when the odds are good. A 2 to 1 chance to win 5 BTC is unusual. But remember, this is about proper diligence, not rash conclusions. Assess odds, risk tolerance, and gains carefully.

An informed approach works best. This may mean betting on 5 BTC if the numbers allow. Success typically comes from well-researched, unique movements. Calculation and risk management are key to responssible investing. Knowledge and strategy produce the best results.

As a gambler, I will take the offer of 5 BTC. If I get 1 bitcoin then I may lose that fund too and from 1 bitcoin it will be more difficult to make 5 bitcoin than taking the second chance. So, I have no other option than taking the chance to get 5 bitcoin.

I think the same, while the safest option can seem like the most attractive for many people due to its certainty, improving your life often comes with risks, so we need to find the opportunities in which even if there is a risk the potential reward is much higher.

Then if I were given this choice for real I would pick the opportunity to get 5 BTC with 2 to 1 odds, maybe I could lose and get nothing, and if that was the case I will simply move on thinking I did the best I could under the given conditions, however if I was able to get my way then those 5 BTC will surely help greatly, especially since the bull run is just starting out.

you are one player in a million who will follow this choice.  This happens because you are already used to and understand the risk.  but many others would simply take the chance

Yeah, but that's the thing...

It doesn't matter if one person or one million do it.

The chances are just a math thing.

Say you roll a dice. It doesn't matter if a million people roll a dice, getting a one is always 1/6 chances, no matter how many people in the world are rolling a dice.

Funny how there's about 28 current vote that they'd take the 1 bitcoin and not risk a 50/50 game to get the 5 bitcoin but I think that those who've chosed including me are trying to do the most logical thing to do, get the money and quickly get out, that's how I see this dilemma that we're into, we choose whether we go the difficult route or we choose the easy way which is already profitable, I hope that someday, someone's going to tell me to choose between this two or any similar dilemma game, I'd choose the wasy money 10 times out of 10.

I'd take 1 BTC immediately and then think about what I do with it, I'd divide this prize between 20% for variable income investments and only 2% in betting and sports betting and the rest I would keep in hodl.

yes yes, I am referring to the choice that many people will make for simple security and to have the peace of mind of having money (read Bitcoin)

Nobody will want to risk and not even get a free 1 bitcoin which is being offered (somewhere  :D). I mean 1 bitcoin is a big amount and i do not see why people will take 1 bitcoin and walk away.
Those who are willing to gamble and hope to make 5 Bitcoins are those people who are either very rich and one bitcoin does not mean much to them. Or the other thing may be that those people aren't aware of the risk involved in gambling and hence they only tempted to take risks for an amount as big as 5 bitcoins.

We can classify those people as greedy who opted for 5 bitcoin here in this scenario. However, if we look at the voting results most of people will prefer guaranteed 1 bitcoin over a risky 5 bitcoin.

But one person will flip a coin  :)

Yeah, but that's the thing right...

If you already have enough wealth, then sure, you might as well get the gamble and maybe get 5 BTC.

But if you don't have enough wealth, the certainty of getting 1 BTC will probably be the best bet to make.

Maybe some people wants to risk their free 1 bitcoin by playing gambling to increase their bitcoin amount. But no one will offered bitcoin for free because bitcoin price now is high. If someone offer to gives 1 bitcoin to people, people doesn't have to used it to playing gambling because that have a risks to lose all of the 1 bitcoin. It's better they takes 1 bitcoin and selling at the price they wants and used the money for their lives. That will be better for them as they doesn't have to risks by playing gambling because gambling will not gives a big chance to make money for them.

Those who willing to increase their bitcoin amount should thinks about the chance they have in gambling and if they see that they doesn't have much chance, they doesn't have to try. They can used gambling for having fun and not for making money.

Yes, it would really be that totally depending on financial status of a certain person because not all would really be that on a state that you are really that good when it comes to financial means.
Just like on what you have said that if you are someone who does have that kind of wealth or money then for sure you would really be choosing that 5 BTC bet because 1BTC for you would really be just that trying out to make it big. You wouldnt really be that minding about into those stuffs about securing that 1 btc but of course majority of us would really be that choosing and securing that 1 BTC
because we do know that getting free money nowadays wont really be that something possible or something that could happen. So it would be always matter of choice which one you would be choosing up because securing 1 BTC is an amount that it is really that too big for most people.

It is good to have a chance to win 5 btc in bull run but it is not possible in gambling. 1 btc bet will get 5 btc in it but no one can guarantee exact win they are predictable. If I lose then I will lose one btc which I can never recover even if I wanted to. Gambling is all about luck so it is better to hold one btc when the market is going on a bull run rather than looking for luck in gambling to find our best. It is safe option and best available from here.

Yeah, that's fair enough, but that is the most conservative view.

Of course you can make 5 BTC but that comes with a risk.

Many people seem to be happy to receive that risk, but personally I would just take the 1 BTC with less risk

The topic you gave is really dilemma. However, there are some issues I still don't understand, which is whether receiving 1 Bitcoin immediately has any other constraints or risks? And if I receive 5 Bitcoins for gambling, how much of the maximum amount I have to bet to be able to cash out. For example, I just need to place a few small bets, then withdraw almost all of the remaining 5 Bitcoins? If there was no limit to the amount of money I had to bet, I would definitely choose the option of receiving 5 Bitcoins to gamble ;D

I will accept the 5 btc, the thing that I will do is that, with the 5 btc I will gamble with 2btc and reserve 3 btc and it's as same thing as someone who collected 1btc to forget of gambling, as a gambler you have accept the 5 bitcoin and stake 2btc, because when you stake the 5btc their is every possibility that you may loss all the btc you are asked to stake, I'm a gambler I know every possibility of someone wining gambling and someone losing gambling so whatever we do in gambling we should be careful of whatever we do, because gambling is luck and is not what you will merit as if you worth to win gambling

Whether I have enough wealth or not, the guaranteed income is what I will opt for and I believe this is wisdom in all ramifications. I've lived in a risky environment to know the best thing to do in a situation like this having been faced with multiple of them, the outcomes in the long run are always the same. Just get the money out of risk then take a deep breath and plan what you want to use the money for to earn you more. For me, I do not see that huge difference between the 1 BTC and 5 BTC, other than the 4 BTC which can become 0 BTC with a higher probability if you risk further on it. But if that 1 BTC could be well-utilised, it can get you the best in life and might even end the poverty in your life if you are poor. The amount that some people put together to make their life fortune was not even up to the present value of 1 BTC, so we do not have any excuse here.

Also, think about it, if you are smart with cryptocurrency investment and even invested the 1 BTC in one sure coin/token, at least another 5 BTC can be made through that. But by that mean, you are not taking the aggressive risk as though you are wagering the money again, which would be senseless to me. You may even open a business or do another thing with the money like buying land and other promising properties. Before you know it, you will make the multiple of it. The difference would be that it was a reasonable means that you make the money work for you, and not through further gambling that can take it all away from you and get you depressed. We should learn how to weigh our risks and manage our options and even ourselves in this situation.

If it is given free for 1 BTC without risk, you will definitely go home with 1 BTC without having to chase 5 BTC with the risk of betting, but if you get 1 BTC with the same risk, chasing 5 BTC is also full of risk, so in the end we only get 0, nothing more than That's because we will definitely experience defeat and as we know, every gamble we play with greed will ultimately only make us lose everything, especially since the dealer will always win when we start trying to play big bets.

It's a dilemma because there is no choice but to take a risk if you end up getting 1 BTC with a risk too, it's not wrong to chase 5 BTC with a lot of risk too, but I would choose to go with 1 BTC and stop the game because to get 5 BTC you need to do a lot of strategies Even though it is used for betting odds of more than 5x, the risk will definitely be the same, actually it is a difficult choice too, but I am sure people will choose to take the safe method rather than the difficult one and end up not getting anything in their hands. as a gambler you should not be greedy to get more as long as it is already profitable it is better to stop with 1 BTC.  ;D

I am a firm believer on taking your chances when the odds are in your favor, and the case proposed by the OP is a clear example of this, taking the one BTC you can get with absolute certainty is not a bad move by any means.

But the option to get 5 BTC with 2 to 1 odds is simply too good to pass up, in fact it is so good that you are probably never going to find such an offer on any casino, and even if you did, the casino will argue the odds were wrong and the bet was invalid, however this kind of thinking can be applied to many other areas of your life, and if you were to find an opportunity like this in one of those areas, you need to take your chances.

Did that person share their opinion about this yet? I also noted one vote on that option.

But I stick to what I said, I would run home with the one BTC provided there was no catch. While a gambler will always try to gamble and get the higher amount, me trying to be diligent and be happy with what I can get will settle for one confirmed bitcoin.

To me flipping to coin to make the decision is bullshit.

If point number one had no conditions and rules, of course I would choose to take 1 Bitcoin straight away, maybe I would no longer think about risks or things that would harm me, By taking BTC directly, I can gamble and place bets without risk, winning and losing are my rules.

Decision of 5 btc with rules and conditions, it gives me a headache, but there are other options for 5 btc, for example: the maximum bet requirement must be 2 btc, three more btc are free, maybe I will take 5 btc, I let 2 btc lose in gamble, three more big, I definitely don'tbet, that's for sure.

Supposedly in this topic question you have to make rules, terms or conditions for us if you take 5 BTC, I mean this: (with odds of 2 to 1). Is there a limit for placing bets or do all five btc have to be bet 2/1.

Obviously, I will choose 1 bitcoin rather than 5 bitcoin by playing because playing gambling is mean also that you can loose at once and you can also win at once. And I think I am also can't afford 1 bitcoin right now and the rules says to me that don't gamble the beyond my afford to lose. So I will not gonna taking that kind of risk in my life where it is the big chance to having  1 bitcoin its mean around 70k dollar right now, And it is also hard to making 70k in life of a third world country person .

Well, without wanting to be selfish, I think everyone would just want to walk away with the one BTC since one BTC isn’t no small money now, but have you also thought of the options that after walking away with the one BTC and you ask for an opportunity to try your luck and you do so and win the bet of 5 BTC?
But whatever the case might be, walking away with one BTC isn’t a bad idea, as no matter how the case might be, you still have some money to hold unto.

I personally choose the option of flipping a coin and this is because I would prefer having the 5 BTC as a gambler but I think these option is dependent on the kind of bet I’m supposed to make.

If I'm obsessed with gambling then I will chose to take the risk of 5 BTC but if I'm not worth 1 BTC yet I will take 1 BTC and move on.

But some times one can take a risk and it turns out well for the person and I will like to be that one person that will take the risk and gamble for 5 BTC. But this will depend on my risk management, if I can take big risks I will definitely go for 5btc.

Do you have the 1 btc now? ??? So I can flip the coin ?  ;D

Of course, it's reasonable to get 1 BTC right now. Betting is a big risk. Especially when the size of the risk is quite large. You can't win all the time - I wish you could, but it's almost impossible. Therefore, 5 BTC on betting - you have to be a very lucky person

If you can afford to lose, the gamble might be more appealing, but if the loss would be financially crippling, the guaranteed 1 BTC offers a safe and sure benefit. Always consider both your financial situation and your emotional capacity for risk before deciding on such offers.

 To some, they will say they will go for the bet, but what you said is the best. If you are wealthy enough, you can go for the bet, but if you have less wealth, you probably need 1 BTC the most because having a small amount is better than losing everything. And again, if we are going with the present heart of a gambler, then I would rather go for the bet. Because anything in this life depends on risk, risking 1 BTC to get 5 BTC will not be a bad deal, but if I lose, I will be in great pain, and regret will normally happen because, as a gambler, you have to be used to all these kinds of losses, so it won't be a bad deal to you because without risk, your chance of getting rich is limited or based on luck, which means without risk, your chance of getting rich is 0.2.


 Believing in yourself is one of the keys to success. If you are actually a gambler or someone who takes risks, you will find it easy to be the lucky person to win the bet, but if you don't believe in yourself, who will then believe in you? Again, everything is possible in this life, so don't think it can be possible. But even in risk, you have to go for the risk you can afford to lose. That should be your first priority.

you alredy know the logical way. So, my recomendation - listen to your heart’s whispers and let Lady Luck be your guide. Either way, let the thrill of the choice fill you with excitement. It’s not just a gamble, it’s a leap into a universe of what-ifs and might-bes. Go where the magic pulls you!  ;)

I would take th BTC right away. Nothing to take into consideration, 1btc is enough to multiply another one, as Gambling is a game of uncertainty I won't want to trade such a valuable asset because of gambling. I know one might win by chance but won't be sustainable as you might want to risk more, damn no one gambles with an asset.

It is very true, I know that 5 btc can make a difference, but with 1 btc things can be much easier so in this order of days things can improve for anyone who is given 1 btc, for me things are not so good . In casinos I have never been even close to winning something like that, 1btc for me would be the maximum, but if they put me to that I would definitely take the BTC, and the other 5 that I can win, well, I wouldn't regret it, because I would know that I could end up with nothing , achieving such a big goal is not easy at all.

I will always say something, when we are betting or have the opportunity to win something certain, we don't have to think about it, we just have to take what is certain and in a bet nothing is certain.

In making a decision between a guaranteed 1 BTC and gambling for a chance at 5 BTC with odds of 2 to 1 against winning, it’s wise to consider the expected value but also your personal circumstances and attitude toward risk.

The expected value of the gamble for 5 BTC at 2 to 1 odds is calculated by considering the probability of winning (1/3) multiplied by the reward (5 BTC), plus the probability of losing (2/3) multiplied by zero (since you win nothing if you lose). This gives an expected value of about 1.67 BTC, which is higher than the guaranteed 1 BTC.

However, the rational choice from an expected value standpoint doesn’t necessarily mean it’s the best choice for everyone.

You can get that 1 BTC which is a sure thing and make it grow through another means without involving gambling practices. You can invest your Bitcoin and earn passive income from it, or you can invest it on your own business where you can work and also make income from. If you have good functional ideas, you are very likely to make considerable profit along the years, always managing this profit in order to make it produce even more money as you keep investing it. At some point, you might turn that 1 Bitcoin into 5 Bitcoins or even more...

It's going to take longer to make such profit when compared to the possibility of growing 1 BTC into 5 BTC through gambling games, but at least, your chances of success are much better and risks are lower when investing the money wisely and sustainably. That is what I would decide to do if that opportunity was offered to me, as I believe patience and long term goals, plus planning are important concepts to be developed and practiced by every individuals aiming to achieve something better for their lives.

As a gambler it's tempting to always go for the bigger prize no matter the risk. But sometimes, we need to think smart and the smart move here is to take the sure thing for such an amount. If it was less than 200$ or so, maybe, but I'm offered 1 btc without any risk that's why I would take that over risking it for 5 btc with a 2 to 1 chance. It's about playing it safe sometimes, especially when you have got a guaranteed win already in your hands. Who knows that guaranteed 1 btc might be just what I need rather than risking and possibly ending up with nothing at all.

1 BITCOIN now is around 70,000$ and may go higher, I rather take that and gamble with 5,000$ for example which is going to be more fun, less stressing and no regret.

We're gamblers, right? Then take that 5 BTC and gamble all of them!  :D
But I guess that condition is pretty tricky because no matter what you do, there's a big tendency that you're just going to lose all of that money. I'd stick and be safe with taking home 1 btc without anything to follow or obey and I'll just be going out that door happy with that money that I've taken for free. Who doesn't want some free money? But with 5 btc, you'll have more courage to gamble that and you'll not feel bad about it because you just gambled with a free money and you might even put some bets that are quite high with a single spin or roll of dice because you're not going to feel any pity of that money because you didn't worked hard for it. That's the difference of gambling our money and with the money that we've received freely.

Yeah, one Bitcoin is a large enough amount that would make it a nice sum.

If it is riskier to get more then it doesn't really matter too much as 1 btc might be already enough.

The choice here is quite simple, you just need to correctly calculate the chances. If you already have Bitcoin, then it is 100% yours. But the Bitcoin you own with a two-to-one chance is not your Bitcoin. You need to take the bitcoin that is yours and if you are really eager to place a bet, use this asset. But in general, I would advise using safer strategies for increasing capital. One Bitcoin is currently a large enough amount to risk needlessly. Choose safer strategies for increasing capital. You know. If the worst-case outcome of your bet involves your Bitcoin disappearing, it's not worth pursuing.

There are practically no situations in gambling where the chances of winning are 50%. 
Usually they are smaller.  For example, when playing roulette there is a zero sector (in American roulette there are two zero sectors), these are the bets that go in favor of the casino when playing red/black.  That is, gambling based on luck initially assumes that the player will lose after playing for a long time.  Therefore, I would not lose my bitcoin for the illusory hope of increasing the number of my bitcoins. 
I am not a gambling person, and besides, I know and respect the mathematical theory of probability.

Absolutely! Taking the safe win and still having a budget for more playful bets is both clever and cool, it keeps the game enjoyable and your mind at ease!

They better be prepared to lose hahaha.
It is difficult to win big even if he has 5 BTC. Not many people can get big wins by using large capital in gambling.
Many people have tried it, but most have experienced losses, and many have even lost all their money. But we will probably never get 5 free BTC because no one will give them away for free.
They also have to be prepared for losses that might occur because playing gambling will not always win. They must be able to accept their defeat and will not try to recover from their defeat.

Lady luck? Who is that if I may ask? We better not deceive ourselves, no one knows the lady luck you are referring to, that is why the gambler may choose rightly or wrongly in this regard, the risk is too high. This is like you are gambling within gambling itself, you are just on your own here. There is nothing magical here as well unless you are a magician or a seer who knows the right outcome in the spirit realm to choose rightly in the physical realm. But if you are not, I do not encourage anyone to take any guesses on this, losing a whole 1 BTC due to a useless guess will be hurtful. Because the chance of losing the money is unreasonably high. I would rather walk away with the money and call it a day, but rather do a reasonable business/investment with the money that sooner or later would yield good income for me.

I totally get where you’re coming from, and I didn’t mean to brush off the practical concerns at all. You’re absolutely right to think about the practical side of things, and your approach to take the sure thing and consider safe investments is really grounded and smart.

But I just didn’t want to repeat the usual advice about going the logical route and saving the 1 BTC since it was already well covered. It’s all about what feels right for each person, isn’t it?
If stepping back and keeping that 1 BTC gives peace of mind and sets up for a more secure future, that’s a winning move in its own right. So, choose your path wisely, whether it be the certainty or believe in luck.

Totally expecting for someone to have this kind of sentiment into their mind on which they are really that believing that they could really actually be able to have an advantage if they do have bigger capital or bankroll?

Some sort of, but not all the time. There would really be no assurance that you would be ending up profitable even if you do make use of 5 BTC as your capital but since there would really be those people who do have that kind of risks taking level or tolerance then they would really be simply choosing it but for those who do want to secure out money without any impose risks then you would really be definitely be choosing it up
the other option on which this is something that not guarantee everything.

For me then i would secure that 1BTc and wont really be tending to get that 5. Why would really be needing to choose into those unsure ones if you could be able to secure 1 BTC?

I think I would rather take the fund because that work be very useful for me and I can do anything I intend to do with one Bitcoin since the money will be given to me. Betting on 5 Bitcoin on ratio 50:50 could be very risky for one to end up losing everything. It is better I get the one Bitcoin and invest it immediately than trying to be greedy for me to get 5 Bitcoin which is going to be a win or a lose. Money at hand is better than the war that you are anticipating for and you have not gotten it. At one will be very sure of having one Bitcoin and if you go for the spinning, you could end up not even going close to getting one Bitcoin.

That's the mindset that poor people have. When you have nothing, 1 btc feels like a fortune and when offered a fortune, vs a chance to win a greater fortune, most poor guys will choose the first option, because that literally takes them from living with their parents to having their own apartment, or even a house.
People who have their basics covered will not think twice and take the gambling option and that's what I'd do. I have enough bitcoin that 1 btc doesn't make much difference, but 5 does, so I'd play to get more. If I lose I'm still set for life. If I win, I can buy myself a summer home in hot climate and get something tangible out of it.

I think that to handling Bitcoin is not just about risk aversion, it’s about enjoying the journey of investment without unnecessary stress. Investing $5,000 in a way that feels fun and manageable, like a bit of gambling, isn’t about being poor or lacking ambition.
it’s about making financial decisions that fit one’s personal comfort and situation. Holding onto a Bitcoin at its current value offers a solid foundation, a sort of financial safety net, which for many is quite substantial. Not everyone needs to chase the maximum possible return at high stakes. For some, financial peace and enjoyment of smaller, more controlled risks are worth more than the potential of bigger gains.
This perspective respects both financial security and personal well being.

You might be set for life but the rest of us are not and indeed for us all, 1BTC is a big amount to throw away without any catch involved instead of attempting to gamble it for 5BTC which you chances are lower already.

The safer methods are often less profitable but a re guaranteed, in this case there being no catch involved, is always the preferred option. Keeping the "Poor man" mindset often works better because you appear poor in front of others, they dont need to know what you are actually doing in the background.

Yeah, the thing is that if 1 BTC is certain, that is more than enough for a lot of people.

So, you would be risking not getting anything for potentially no real upside.

I think I would take the 1 BTC 100% no risks instead of having 50/50 with 5 BTC.