Bankroll? Sure
Liferoll? Savings and apartment? Yeah, no biggie, but if I have to sell my company too, then its a no.

Online or live?

does it count is my bankroll is £0.10 i would for sure take the chance on doubling up on a 80/20

this.... ship the nickels imo....

I've done this a few times, now I'm a millionaire.

Sure, why not?

Yes!

But I am young, single, no financial obligations.

I'd probably have to pass this gamble up in 10-20 years.

80:20 = 4:1. and 4:1 > 3.5:1

so, yes, according to the laws of bbv i would do it

No, which makes me sad.

The amount that my life, and the rest of my life, would be worse if I lost is much greater than the amount it would be better if I won.

there's that dude who sold his house etc, put like 1.5mill on red.... hits. still a bad decision

Marginal utility of $$$. If you owned a mansion, nice cars, had a perpetual income though your assets, had beautiful girls come over every week to your jacuzzi, had a mountain resort, traveled a lot, etc, you wouldn't put your "life roll" on a 999:1, even if the return was 10-to-1.

Yeah, for me the reward is retiring a few years earlier and flying/staying first class on vacation, with the risk being working at WalMart at 75 and never taking another nice trip.

You are wrong.

Putting your whole liferoll on a 80 20 is too much gambol, even top gamblers like Amarillo Slim (im not sure if it was him, if was a very know gambler and friend of Doyle) sais he didnt put his liferoll on jeopardy

I wouldnt do it, that kind of variance could crush souls. Grind ftw

I have put my "life roll" on the line before (back in my stupid days). And I mean really, all the cash I had, maxing out all the credit cards, writing bad checks to myself and using the max non-held amounts to deposit online.

It wasn't a fortune, but losing meant:

• Credit getting destroyed, ie: perpetually paying higher rates on car loans, mortages, etc.
• Working at a sh*t hole telemarketing joint late hours with other over-weight sweaty uneducated people in their 40's just to make interest payments on your credit cards.
• One of your bank accounts getting closed down for good because you're a "hot client".
• Other bank account almost getting shut down but only gets "flagged" because you have family with accounts there.
• Being lucky not to have fraud charges against you.
• Zero freedom to eat what you want, travel where you want, drive what you want.
• Failing grades --> Tuition down the drain --> One year of life wasted --> GPA down --> Lost opportunity at a decent income job.
• No social life.
• Lost respect from peers and family.
• Lost trust from the bank and other close ones.

Folks, this is what life roll means. And I would, at one point in time, consistently get my "life roll" (or near) in on a 90:10 or even 99:1, and routinely lose to idiot or horrid luck in sports. Sometimes several times in a row.

All of the above has been a great life lesson and a very strong motivation not to ever put yourself in a situation where you "liferoll" is on the line. All that was more than 10 years ago.

I know a friend who makes 6-figures income. He loves gambling just as much as we do. But he usually bets $100-500 a game, occasionally. He wins consistently. And I wonder, what could he possibly gain out of betting so little. But, he has a career, a hot wife and social popularity. He's the boss!

A lot of degenerates in this thread...

Kinda what we do

I'm very surprised actually at the lack of yes's. As of this response 58% are saying yes. I thought it would be closer to 70% since it's +EV. But of course you have to think about the consequences and for a lot of people seeing their entire roll possibly losing in a single stroke of bad luck is too much. I am one of those people and I would vote no as well.

Of course there are lots of ppl who wouldn't do it. Just because it's +EV doesn't mean you should gamble here.

If you win putting your networth (I hate the term 'liferoll') on the line, would you take the 80/20 again if offered? If you win that one, do you do it again? Of course not if you have financial responsibilities, are out of your 20s, and don't live in your parents basement.

Not doing so would be a horrible idea in my opinion. The 999 times you are 10 times richer far outweigh the 1 in 100 times you go broke. And if you go broke you obviously have the skills to rebuild or you wouldn't of gotten all that stuff initially. In other words, "marginal utility of money" does not exist.

obv not, i would probably put around 20-25% of liferoll, bad BRM.

the difference between let s say 0 and 100k is way bigger than between 100k and 200k.

That is the dumbest thing I have read on 2+2. There is no 999 times. You only risk it ONE TIME. The "10 times richer" will not affect your lifestyle much from where you are now, besides giving you a whole lot of headaches on how you're going to spread your wealth, avoid taxes and hours sitting with your accountant or financial planner.

This is not some $200 river bluff where "the one time you get folds out weights the other 2 times they call" or some 1/2 pot sized $30 c-bet that you will do 100 times and see if the results are profitable.

This is ONE time. You are basically risking EVERYTHING to gain NOTHING. Doesn't matter what the odds are. They could be 9999:1 and you would still not do it if the next dollar is worth zero with respect to your existing wealth.

Also. It is 999 times vs 1 in 1000, not 100.

^ nit

*mo money mo problems

FYP

It's not the skills to rebuild, it's the time.

Of course marginal utility exists.

Yeah because I ain't rich