Poll: How much would you bet on this coinflip (getting odds)?

[VarlosZ]

[ QUOTE ]
With the scenario as written I bet nothing, because stranger is angle-shooting.

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As written, you know for a fact that the guy will pay and that it's a fair toss. The question isn't about the real-world implications of the scenario.

[Homer]

This poll would be much better if you asked what percentage of their money people would bet.

[That Foreign Guy]

I bet whatever the kelly fraction of my networth on a 10% edge is.

[Patrick del Poker Grande]

I bet $0 because I run bad. This is a losing proposition for me.

[WhiteWolf]

Interesting question. Advantage gamblers should be taking this bet at 10% of their bankroll (using the Kelly Criterion). Note this should be a percentage of your bankroll, not your net worth.

However, for the non-gamblers at your other board the one-time nature of the offer might make it sound like a bad deal. Non-able gamblers don't have bankrolls for betting, and won't be able to find other bets after this offer passes. Even though it is a 10% edge, they'll be risking their entire bet. When you compare it to investing the same amount in a CD for a year for 4.5% risk-free, or in an index fund for about 8% historically with virtually no chance of losing their entire capital, the 10% edge might not seem like such a great deal for any significant sum.

[Arito]

You should've made it what percentage of your assets/cash would you be willing to gamble?

For me, 15%.

[ImsaKidd]

I would do the 10k prolly, which is about 10% of my $$

[AlienCorpse]

I might do $10 if I feel like gambling but I'm not much of a gambler I'd rather just play 200 NL max and win money

[Butso]

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Yeah, but that would be rude. Also, I'm getting some crazy low answers from the other message board, from people I know have at least a little money. I think it's amazing how differently poker players and everyone else think of money.

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[almostbusto]

[ QUOTE ]

I bet whatever the kelly fraction of my networth on a 10% edge is.

[/ QUOTE ]
[ QUOTE ]
Interesting question. Advantage gamblers should be taking this bet at 10% of their bankroll (using the Kelly Criterion). Note this should be a percentage of your bankroll, not your net worth.

However, for the non-gamblers at your other board the one-time nature of the offer might make it sound like a bad deal. Non-able gamblers don't have bankrolls for betting, and won't be able to find other bets after this offer passes. Even though it is a 10% edge, they'll be risking their entire bet. When you compare it to investing the same amount in a CD for a year for 4.5% risk-free, or in an index fund for about 8% historically with virtually no chance of losing their entire capital, the 10% edge might not seem like such a great deal for any significant sum.

[/ QUOTE ]


well not to be a nit or anything, but the edge is 5%.

the EV on a 10K flip is -10k*.5+11k*.5=500$