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| Science, Math, and Philosophy Discussions regarding science, math, and/or philosophy. |
01-30-2012, 12:51 PM
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#31
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old hand
Join Date: Jun 2005
Posts: 1,346
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Re: Best way to risk 1$ to win 1,000,000$?
Quote:
Originally Posted by TomCowley
Good luck finding a place to lay 28.5k on a single roulette number.
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i'm not too familiar with high limit gambling, but there has to be a casino in vegas that will take this, right? wynn?
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01-30-2012, 03:29 PM
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#32
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veteran
Join Date: Aug 2009
Location: Stanford , CA USA
Posts: 2,167
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Re: Best way to risk 1$ to win 1,000,000$?
Betting on anything that has negative expectation has absolutely no place in this thread. Seriously now! A simple good stock has better return than any no skill casino game. Try blackjack even and its better than roulette and still i wouldnt choose it as part of the plan.
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01-30-2012, 03:45 PM
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#33
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grinder
Join Date: Jan 2011
Posts: 425
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Re: Best way to risk 1$ to win 1,000,000$?
it has been suggested already, but depositing it to an online poker site looks like the best option.
I'm saying this because I made $0 to $2k already. Once you have like $8 at 2NL it's hard to go broke.
You have to put time though, but the risk is almost non existent.
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01-30-2012, 04:19 PM
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#34
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Pooh-Bah
Join Date: Jan 2007
Location: Teh Internets
Posts: 3,778
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Re: Best way to risk 1$ to win 1,000,000$?
1. Use the one dollar to take the bus to the public library.
2. Write novels.
3. Self Publish on Amazon.
4. Profit!
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01-30-2012, 11:52 PM
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#35
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veteran
Join Date: Oct 2009
Posts: 2,792
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Re: Best way to risk 1$ to win 1,000,000$?
I like the sports betting option
I think with patience, it could be done over a couple of seasons in whichever sport, without ever taking more than even money
Some obv rungood would be needed, but so does every other plan. This field could give you the best chance at applying knowledge to the task.
Might give it a shot this year
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01-30-2012, 11:57 PM
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#36
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Carpal \'Tunnel
Join Date: Nov 2004
Location: Ann Arbor
Posts: 18,593
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Re: Best way to risk 1$ to win 1,000,000$?
Quote:
Originally Posted by EricLindros
1. Use the one dollar to take the bus to the public library.
2. Write novels.
3. Self Publish on Amazon.
4. Profit!
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I know this is tongue and cheek, but I work in publishing and thought about mentioning this. The problem is that the internet is now full of unadulterated self-published trash that costs more in bandwith to host than the author makes.
It's akin to online poker -- Amanda Hocking is like the durrr or Phil Galfond of self-publishing, a huge outlier.
Having said that, and like online poker, there is money to be made as a pasttime, and there's some non-zero chance you could bink a huge hit ala Hocking. More likely, it's a way to generate a nice secondary income to supplement a real job more than a path to millions, outside of one-in-a-million scenarios like Hocking. I would strongly encourage people with expertise in subject areas (things like niche software support/how-to books, law and legal advise, accounting advice for small or home businesses in rural states, mechanical how-to books, IT how-to-books and best practices advice, computer programming, whatever) to explore self-publishing if they have even passable writing skills.
If your interest is in fantasy, supernatural romance novels involving things like vampires, erotica, or some mixture of the three, then good luck self-publishing and don't quit your day job just yet. The market is crowded  . See that story about Amanda Hocking. You probably need a good publisher to differentiate your product in the market with their promotional expertise or whatever.
In general:
- non fiction > fiction. Notable exceptions are things like politics, media/tv/movie/music reviews or fandom, and social-network marketing advice and other garbage. No money there or it's well traveled ground. All fiction is basically hopeless without a publisher. It's also hopeless with a publisher
- niche niche niche niche niche. When in doubt, go narrower but charge more. If you're an automechanic, you'd much rather charge $5 for ODB-II Trouble Code guide than $1 for "Cars for Dummies" or whatever.
- in general, if someone would be willing to pay for your advice or expertise, consider writing it down and publishing it
I realize this is degrading to "how to make money" and away from the OP's intent but self-publishing isn't the worst long shot idea and the risk is minimal, mostly just time.
Last edited by DVaut1; 01-31-2012 at 12:06 AM.
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01-31-2012, 12:14 AM
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#37
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Carpal \'Tunnel
Join Date: Dec 2006
Location: London
Posts: 12,432
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Re: Best way to risk 1$ to win 1,000,000$?
how about swap your $1, it was all the rage 3 years go. Buy a pen, swap it for a stapler etc. In a year or so you'll be swapping a lambo for a small house
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01-31-2012, 10:27 AM
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#38
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grinder
Join Date: Sep 2009
Location: Toronto
Posts: 411
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Re: Best way to risk 1$ to win 1,000,000$?
Op, do you actually believe you will get a "real" response to your query?
Do you think that if someone has actually "found a way" to do what you are asking for, that they are going to post it here and share it with other people?
.... Umm, yes... I found a way to turn $1 into a $1,000,000 by basically sitting on my butt, and with a minimum amount of effort of course, and now so can you. Here's how it works.... lol.
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01-31-2012, 11:27 AM
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#39
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Accepting mocking
Join Date: Jan 2010
Location: Local Group
Posts: 4,817
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Re: Best way to risk 1$ to win 1,000,000$?
I'll keep my secret algorithm for myself
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01-31-2012, 06:25 PM
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#40
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Pooh-Bah
Join Date: Nov 2008
Location: Im livin one hell of a nite period
Posts: 4,105
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Re: Best way to risk 1$ to win 1,000,000$?
I liked Dvaut's post except for the part where he said fiction is hopeless and made me brim with sorrowful anger; still, some matter for reflection therein.
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01-31-2012, 11:24 PM
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#41
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stranger
Join Date: Jul 2011
Posts: 11
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Re: Best way to risk 1$ to win 1,000,000$?
Quote:
Originally Posted by Strubbs
Op, do you actually believe you will get a "real" response to your query?
Do you think that if someone has actually "found a way" to do what you are asking for, that they are going to post it here and share it with other people?
.... Umm, yes... I found a way to turn $1 into a $1,000,000 by basically sitting on my butt, and with a minimum amount of effort of course, and now so can you. Here's how it works.... lol.
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Strubbs, the point of the question was to just think of alternative ways of having a 'chance' of winning a large sum of money as opposed to buying a lottery ticket. Ideally, something that takes minimal effort and has a higher EV than a random lottery drawing. It is pretty clear that increasing effort can lead to a higher EV. It wasn't about a get rich scheme or anything like that.
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02-05-2012, 03:59 PM
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#42
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sad panda
Join Date: Sep 2004
Location: United Federation of Nit-Farmers.
Posts: 9,407
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Re: Best way to risk 1$ to win 1,000,000$?
Kind of related:
I always wondered how your EV would change if you only played (UK) lotto rollovers (ie: where the unclaimed jackpot carries over to the following week).
Did a bit of searching and found this page: http://lottery.merseyworld.com/Super...Rollovers.html
and if you divide the total "Top-up" by the total ticket sales it comes out to be just 12.6p extra per ticket (ie: your expectation is only [lol] -37.4% instead of -50% on non-rollover weeks). I was quite surprised it was so low and had always thought it would be more like +20-25p.
Juk
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02-08-2012, 07:15 PM
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#43
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Carpal \'Tunnel
Join Date: Oct 2004
Location: taking notes on u (see profile)
Posts: 10,629
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Re: Best way to risk 1$ to win 1,000,000$?
Quote:
Originally Posted by TomCowley
Good luck finding a place to lay 28.5k on a single roulette number.
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really? i'd think tons of vegas casinos would jump at this bet
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02-09-2012, 12:05 AM
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#44
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veteran
Join Date: Sep 2002
Posts: 2,879
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Re: Best way to risk 1$ to win 1,000,000$?
$1 super satellite or similar to a poker tournament with at least one prize around $1,000,000. Got to be the best way if any good at poker.
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02-12-2012, 02:16 PM
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#45
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Carpal \'Tunnel
Join Date: Jul 2008
Location: - )
Posts: 8,058
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Re: Best way to risk 1$ to win 1,000,000$?
Quote:
Originally Posted by Strubbs
Step 1: Change your thinking.
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a+
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