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  #1  
Old 05-15-2005, 08:59 AM
Super Pro Super Pro is offline
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Default How much are you willing to risk?

say your very rich friend wants to make some prop bets with you, offering to lay you +EV odds for one time only bets.

how much of your overall personal current wealth are you willing to wager in these different independent bets?

1. He offers you 10 to 1 for a coin flip.

2. He offers you 1.1 to 1 for a coin flip.

3. He offers you 50 to 1 for a 5 sided dice.

4. He offers you 5.5 to 1 for a 5 sided dice.

5. He offers you 200 to 1 for a 50 sided dice.

6. He offers you 100,000 to 1 for a 100 sided dice.
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  #2  
Old 05-15-2005, 09:01 AM
dealer_toe dealer_toe is offline
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Default Re: How much are you willing to risk?

I'll take bet #6 for $1.
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  #3  
Old 05-15-2005, 10:05 AM
Guruman Guruman is offline
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Default Re: How much are you willing to risk?

Give me every dime of my disposable income on #1
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  #4  
Old 05-15-2005, 10:09 AM
cain06 cain06 is offline
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Default Re: How much are you willing to risk?

I'll do 1, 3, and 6 each once and hope for the best.
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  #5  
Old 05-15-2005, 10:57 AM
Yobz Yobz is offline
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Default Re: How much are you willing to risk?

whichever is most +EV for 5k or so
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  #6  
Old 05-15-2005, 01:02 PM
smoore smoore is offline
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Default Re: How much are you willing to risk?

I would never bet my house, nor my "living bankroll".

Given gambling bankroll of $5k:
1) All of it.
2-6) $500

edit: I would bet my car or motorcycle on #1 also. I can always get another pleasure vehicle. I would not bet my work truck.
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