Title: Gambling Your Net Worth?! Post by: pleno1 on January 11, 2010, 07:51:35 AM I was listening to an interview with Durrrr, he said the reason he has gone on to play 500/1000 is because of his dealing with risk/reward.
Basically when he was playing 25/50 or even 5/10 he would take shots against players if he thought he had a massive edge. For example there was a fish playing 200/400 and his roll was only 150-200k he would take a shot. Wheras other players would be too scared too as they were just proper grinders. He then said if he was giving 2-1 on a flip of a coin he would put 30% of his net worth (could of been roll not sure) So question is, how much of your net worth would you put on if you were giving the following. 2/1?? 5/1?? 10/1?? The question obviously depends if you have a family etc, but will be genuinely interested in the variety of answers. Blatch v Tikay for example! Also the young online pro, v the sports better. I'm really not sure of an answer but will think and comment after. Although this is hypothetical and just abit of fun, allegedly Teddy "the iceman" Monroe, has reportedly flipped with people offering 2-1. Title: Re: Gambling Your Net Worth?! Post by: Horneris on January 11, 2010, 08:06:42 AM 60%
99% 99% Title: Re: Gambling Your Net Worth?! Post by: ChipRich on January 11, 2010, 08:08:23 AM right now?
100% 100% 100% Title: Re: Gambling Your Net Worth?! Post by: GreekStein on January 11, 2010, 09:29:32 AM Half
The lot The lot Title: Re: Gambling Your Net Worth?! Post by: Linux on January 11, 2010, 09:40:52 AM 90%
100% 100% Title: Re: Gambling Your Net Worth?! Post by: pleno1 on January 11, 2010, 10:21:15 AM Title: Re: Gambling Your Net Worth?! Post by: Linux on January 11, 2010, 10:24:45 AM Title: Re: Gambling Your Net Worth?! Post by: pleno1 on January 11, 2010, 11:08:07 AM Degen Title: Re: Gambling Your Net Worth?! Post by: SirPerceval on January 11, 2010, 11:10:12 AM I was listening to an interview with Durrrr, he said the reason he has gone on to play 500/1000 is because of his dealing with risk/reward. Basically when he was playing 25/50 or even 5/10 he would take shots against players if he thought he had a massive edge. For example there was a fish playing 200/400 and his roll was only 150-200k he would take a shot. Wheras other players would be too scared too as they were just proper grinders. He then said if he was giving 2-1 on a flip of a coin he would put 30% of his net worth (could of been roll not sure) So question is, how much of your net worth would you put on if you were giving the following. 2/1?? 5/1?? 10/1?? The question obviously depends if you have a family etc, but will be genuinely interested in the variety of answers. Blatch v Tikay for example! Also the young online pro, v the sports better. I'm really not sure of an answer but will think and comment after. Although this is hypothetical and just abit of fun, allegedly Teddy "the iceman" Monroe, has reportedly flipped with people offering 2-1. So if Blatch = the sports better, does Tikay = the young online pro? Title: Re: Gambling Your Net Worth?! Post by: kinboshi on January 11, 2010, 12:05:03 PM Title: Re: Gambling Your Net Worth?! Post by: EvilPie on January 11, 2010, 01:12:48 PM As my net worth is tied up in my house I'd say none of in for any of the cases.
As far as cash in the bank goes I'd say the lot for all 3 although that may change if the balance increases significantly. I would happily flip 5k if I was given 2 to 1 if it didn't put me in to any debt. As for the 5 to 1 and 10 to 1 it really makes no difference to how much I'd risk. As long as it didn't put me in to debt or risk my house then pretty much whatever I've got in the bank. On the other hand if you were to offer me 10 to 1 as in I only have to win 1 flip out of 10 for even money I'd happily put my house, my business and everything else I own on it. Title: Re: Gambling Your Net Worth?! Post by: Woodsey on January 11, 2010, 01:28:38 PM As my net worth is tied up in my house I'd say none of in for any of the cases. As far as cash in the bank goes I'd say the lot for all 3 although that may change if the balance increases significantly. I would happily flip 5k if I was given 2 to 1 if it didn't put me in to any debt. As for the 5 to 1 and 10 to 1 it really makes no difference to how much I'd risk. As long as it didn't put me in to debt or risk my house then pretty much whatever I've got in the bank. On the other hand if you were to offer me 10 to 1 as in I only have to win 1 flip out of 10 for even money I'd happily put my house, my business and everything else I own on it. Really? 10-1? Holy shit I wish we could find some rich guy who had enough money to not care just to test out your nerve........... Title: Re: Gambling Your Net Worth?! Post by: GreekStein on January 11, 2010, 01:43:35 PM As my net worth is tied up in my house I'd say none of in for any of the cases. As far as cash in the bank goes I'd say the lot for all 3 although that may change if the balance increases significantly. I would happily flip 5k if I was given 2 to 1 if it didn't put me in to any debt. As for the 5 to 1 and 10 to 1 it really makes no difference to how much I'd risk. As long as it didn't put me in to debt or risk my house then pretty much whatever I've got in the bank. On the other hand if you were to offer me 10 to 1 as in I only have to win 1 flip out of 10 for even money I'd happily put my house, my business and everything else I own on it. Really? 10-1? Holy shit I wish we could find some rich guy who had enough money to not care just to test out your nerve........... I'd do same if I was Matt. He's still young enough that he can rebuild and eventually buy a house again if it all goes wrong. If he wins though, he can own half the street and his bank interest would just freeroll his lifestyle/stripper habit. Title: Re: Gambling Your Net Worth?! Post by: StuartHopkin on January 11, 2010, 02:35:50 PM As my net worth is tied up in my house I'd say none of in for any of the cases. As far as cash in the bank goes I'd say the lot for all 3 although that may change if the balance increases significantly. I would happily flip 5k if I was given 2 to 1 if it didn't put me in to any debt. As for the 5 to 1 and 10 to 1 it really makes no difference to how much I'd risk. As long as it didn't put me in to debt or risk my house then pretty much whatever I've got in the bank. On the other hand if you were to offer me 10 to 1 as in I only have to win 1 flip out of 10 for even money I'd happily put my house, my business and everything else I own on it. Really? 10-1? Holy shit I wish we could find some rich guy who had enough money to not care just to test out your nerve........... No offence bud but I would love to see you with only one flip left to win Up the coin goes Heads Norrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr Matt Russell is busto. It would be epic run bad down swing. Title: Re: Gambling Your Net Worth?! Post by: EvilPie on January 11, 2010, 02:47:16 PM They did it on that Derren Brown thing with the horse racing.
He spent ages trying to get 10 heads out of 10. They did it but it took all day. I think I'd be pretty safe. Title: Re: Gambling Your Net Worth?! Post by: EvilPie on January 11, 2010, 02:49:40 PM As my net worth is tied up in my house I'd say none of in for any of the cases. As far as cash in the bank goes I'd say the lot for all 3 although that may change if the balance increases significantly. I would happily flip 5k if I was given 2 to 1 if it didn't put me in to any debt. As for the 5 to 1 and 10 to 1 it really makes no difference to how much I'd risk. As long as it didn't put me in to debt or risk my house then pretty much whatever I've got in the bank. On the other hand if you were to offer me 10 to 1 as in I only have to win 1 flip out of 10 for even money I'd happily put my house, my business and everything else I own on it. Really? 10-1? Holy shit I wish we could find some rich guy who had enough money to not care just to test out your nerve........... If you can find someone with £14.78 then good luck to you. I'll stand by it. Title: Re: Gambling Your Net Worth?! Post by: Woodsey on January 11, 2010, 02:51:12 PM Sorry I thought you meant you would do it for 10-1 on your whole worth on a single flip, makes sense now. But would you do it on a single flip?
Title: Re: Gambling Your Net Worth?! Post by: GreekStein on January 11, 2010, 02:55:16 PM Sorry I thought you meant you would do it for 10-1 on your whole worth on a single flip, makes sense now. But would you do it on a single flip? Yeah thats what I thought Matt meant. I would. Title: Re: Gambling Your Net Worth?! Post by: EvilPie on January 11, 2010, 02:57:21 PM Sorry I thought you meant you would do it for 10-1 on your whole worth on a single flip, makes sense now. But would you do it on a single flip? Don't think I'd do it for 1000 to 1 mate. Just not worth losing everything I've worked for for 15+ years. I'm quite comfortable now and the chance to be ultra multai just isn't worth the risk of being busto and having to move back in with my mum and dad with nothing at all. Obviously if I could lay it off things would be different but I doubt that would be part of the deal. Title: Re: Gambling Your Net Worth?! Post by: EvilPie on January 11, 2010, 03:00:43 PM Sorry I thought you meant you would do it for 10-1 on your whole worth on a single flip, makes sense now. But would you do it on a single flip? Yeah thats what I thought Matt meant. I would. Hmmm...... You might not if you had what I had and had been living very comfortably in your own house for 13 years or so. Fair enough if you suddenly came across the equivalent of my net worth today you'd happily give a go but if you lose you go back to how you were yesterday. It's very different. Title: Re: Gambling Your Net Worth?! Post by: Woodsey on January 11, 2010, 03:02:25 PM Sorry I thought you meant you would do it for 10-1 on your whole worth on a single flip, makes sense now. But would you do it on a single flip? Yeah thats what I thought Matt meant. I would. Hmmm...... You might not if you had what I had and had been living very comfortably in your own house for 13 years or so. Fair enough if you suddenly came across the equivalent of my net worth today you'd happily give a go but if you lose you go back to how you were yesterday. It's very different. No way I'd do it either, that's why I was asking really. I don't think anyone with a decent job/life they had worked for would do it to be honest......... Title: Re: Gambling Your Net Worth?! Post by: EvilPie on January 11, 2010, 03:04:50 PM Sorry I thought you meant you would do it for 10-1 on your whole worth on a single flip, makes sense now. But would you do it on a single flip? Yeah thats what I thought Matt meant. I would. Hmmm...... You might not if you had what I had and had been living very comfortably in your own house for 13 years or so. Fair enough if you suddenly came across the equivalent of my net worth today you'd happily give a go but if you lose you go back to how you were yesterday. It's very different. No way I'd do it either, that's why I was asking really. I don't think anyone with a decent job/life they had worked for would do it to be honest......... I think this is the point with people like Durr. He's never had to work for it so a crazy spin isn't a problem. If he loses the whole lot he's no different to how he was a year or so ago. Title: Re: Gambling Your Net Worth?! Post by: kinboshi on January 11, 2010, 05:28:19 PM 2^10=1024.
So 1024/1 is the odds of ten heads in a row. Which is why Matt was offering evens. Title: Re: Gambling Your Net Worth?! Post by: gatso on January 11, 2010, 05:43:05 PM 2^10=1024. So 1024/1 is the odds of ten heads in a row. Which is why Matt was offering evens. 1023/1 you fool Title: Re: Gambling Your Net Worth?! Post by: kinboshi on January 11, 2010, 05:59:19 PM 2^10=1024. So 1024/1 is the odds of ten heads in a row. Which is why Matt was offering evens. 1023/1 you fool Sorry, makes no sense now - evens is way too generous. Title: Re: Gambling Your Net Worth?! Post by: gatso on January 11, 2010, 06:02:03 PM 2^10=1024. So 1024/1 is the odds of ten heads in a row. Which is why Matt was offering evens. no need to apologise, I just didn't want you basing bets on incorrect assumptions. take all the evens you can get imo 1023/1 you fool Sorry, makes no sense now - evens is way too generous. Title: Re: Gambling Your Net Worth?! Post by: kinboshi on January 11, 2010, 06:05:27 PM 2^10=1024. So 1024/1 is the odds of ten heads in a row. Which is why Matt was offering evens. no need to apologise, I just didn't want you basing bets on incorrect assumptions. take all the evens you can get imo 1023/1 you fool Sorry, makes no sense now - evens is way too generous. No probs. I'll mess up the maths, you can mess up the quoting. Together we can take on the world. Title: Re: Gambling Your Net Worth?! Post by: gatso on January 11, 2010, 06:16:50 PM sigh, I've done that twice today. gonna turn off this crappy quick reply function so I have a bigger box to write in
Title: Re: Gambling Your Net Worth?! Post by: thetank on January 11, 2010, 06:58:07 PM Isn't it five and a half to one because the first half dozen have already happened?
Title: Re: Gambling Your Net Worth?! Post by: sovietsong on January 11, 2010, 06:59:38 PM prob do
100% on each to be honest. problem is my net worth is very low. Title: Re: Gambling Your Net Worth?! Post by: gatso on January 11, 2010, 07:02:07 PM Isn't it five and a half to one because the first half dozen have already happened? as you're fully aware we're talking about 10 specific flips. that was almost worthy of a trolling ban, I'm gonna ask kin to give you a 5 minute cooler as for the op I'm gonna bet the lot please. if I lose I'll just get some more money, simple Title: Re: Gambling Your Net Worth?! Post by: EvilPie on January 11, 2010, 07:24:54 PM I think this all depends on what your net worth is.
If you've spent 10 years accumulating a net worth of 5k you'd probably give it a spin because it won't take 10 years to replace. If it's quarter of a million then I'm guessing most would be a little bit more cautious. Title: Re: Gambling Your Net Worth?! Post by: lazaroonie on January 11, 2010, 07:29:58 PM 2^10=1024. So 1024/1 is the odds of ten heads in a row. Which is why Matt was offering evens. 1023/1 you fool Sorry, makes no sense now - evens is way too generous. evens is about right - it either will happen, or it wont. Title: Re: Gambling Your Net Worth?! Post by: GreekStein on January 11, 2010, 07:36:01 PM I think this all depends on what your net worth is. If you've spent 10 years accumulating a net worth of 5k you'd probably give it a spin because it won't take 10 years to replace. If it's quarter of a million then I'm guessing most would be a little bit more cautious. If you've spent 10 years accumulating it then surely it will take 10 years to accumulate? Title: Re: Gambling Your Net Worth?! Post by: thetank on January 11, 2010, 07:42:31 PM I think this all depends on what your net worth is. If you've spent 10 years accumulating a net worth of 5k you'd probably give it a spin because it won't take 10 years to replace. If it's quarter of a million then I'm guessing most would be a little bit more cautious. If you've spent 10 years accumulating it then surely it will take 10 years to accumulate? No because you already have the disco contacts and the disco skills accumulated in the first 10 years so you won't need to waste time accumulating more disco contacts and more disco skills when you shoot for the 5k again. Title: Re: Gambling Your Net Worth?! Post by: Blatch on January 11, 2010, 07:53:26 PM We had a module at Uni all about people's perception to risk - funnily enough was pretty much the only one I did really well in.
To answer questions: - a) Not much b) 50% c) 70% Title: Re: Gambling Your Net Worth?! Post by: Horneris on January 11, 2010, 07:56:51 PM I really hope Pleno is a billionaire and plans to put us to the sword.
Title: Re: Gambling Your Net Worth?! Post by: The Camel on January 11, 2010, 07:59:54 PM a) 100%
b) 200% c) 500% Title: Re: Gambling Your Net Worth?! Post by: ChipRich on January 11, 2010, 08:00:25 PM I really hope Pleno has £80 to put us to the test. fyp buddy. Title: Re: Gambling Your Net Worth?! Post by: Rookie (Rodney) on January 11, 2010, 08:02:45 PM I really hope Pleno has £80 to put us to the test. fyp buddy. selling Title: Re: Gambling Your Net Worth?! Post by: The Baron on January 11, 2010, 08:04:36 PM We had a module at Uni all about people's perception to risk - funnily enough was pretty much the only one I did really well in. To answer questions: - a) Not much b) 50% c) 70% What about d) Vs Scottish Dave on football betting? Title: Re: Gambling Your Net Worth?! Post by: Blatch on January 11, 2010, 08:10:22 PM We had a module at Uni all about people's perception to risk - funnily enough was pretty much the only one I did really well in. To answer questions: - a) Not much b) 50% c) 70% What about d) Vs Scottish Dave on football betting? The World Title: Re: Gambling Your Net Worth?! Post by: George2Loose on January 11, 2010, 09:04:07 PM Blatch you'd only need evens. I mean, as if you'd lose a flip
Title: Re: Gambling Your Net Worth?! Post by: EvilPie on January 11, 2010, 10:13:34 PM a) 100% b) 200% c) 500% On a single flip for everything you own. Absolutely everything!! Sorry but I just don't believe you. Unless of course you haven't got much to start with. Title: Re: Gambling Your Net Worth?! Post by: mondatoo on January 11, 2010, 10:22:21 PM Sorry I thought you meant you would do it for 10-1 on your whole worth on a single flip, makes sense now. But would you do it on a single flip? Yeah thats what I thought Matt meant. I would. Hmmm...... You might not if you had what I had and had been living very comfortably in your own house for 13 years or so. Fair enough if you suddenly came across the equivalent of my net worth today you'd happily give a go but if you lose you go back to how you were yesterday. It's very different. No way I'd do it either, that's why I was asking really. I don't think anyone with a decent job/life they had worked for would do it to be honest......... I think this is the point with people like Durr. He's never had to work for it so a crazy spin isn't a problem. If he loses the whole lot he's no different to how he was a year or so ago. I'm guessing he won't feel to bad about his recent 5mill downswing then ;) I understand your point in a way that people who get money easily are more frivolous with it but i doubt he'd feel no different having to do a shitty job no he's had mad money compared to before he had the money, I'd probably top meself(I'd never risk losing it all though if i had that much and pretty sure he's made some security measures incase of busto too) Title: Re: Gambling Your Net Worth?! Post by: EvilPie on January 11, 2010, 10:49:31 PM I'm guessing he won't feel to bad about his recent 5mill downswing then ;) I understand your point in a way that people who get money easily are more frivolous with it but i doubt he'd feel no different having to do a shitty job no he's had mad money compared to before he had the money, I'd probably top meself(I'd never risk losing it all though if i had that much and pretty sure he's made some security measures incase of busto too) And it's for this reason that you'd never get there in the first place. You're not capable of taking the same level of risk as Durr so you'd stop at a million or probably less and that would be it. Title: Re: Gambling Your Net Worth?! Post by: iwillwinlots on January 12, 2010, 12:29:15 PM a) 100% b) 200% c) 500% On a single flip for everything you own. Absolutely everything!! Sorry but I just don't believe you. Unless of course you haven't got much to start with. hes skint Title: Re: Gambling Your Net Worth?! Post by: GreekStein on January 12, 2010, 12:44:06 PM a) 100% b) 200% c) 500% On a single flip for everything you own. Absolutely everything!! Sorry but I just don't believe you. Unless of course you haven't got much to start with. hes skint Wish I was Camel skint too. Tough life going round the world for 2 months. Title: Re: Gambling Your Net Worth?! Post by: redarmi on January 12, 2010, 07:39:00 PM In terms of bankroll:
a) 12.5% b) 50% c) Over 100%. I would borrow money. Title: Re: Gambling Your Net Worth?! Post by: LeKnave on January 12, 2010, 08:38:57 PM a) 100% b) 200% c) 500% On a single flip for everything you own. Absolutely everything!! Sorry but I just don't believe you. Unless of course you haven't got much to start with. lol clear bs Title: Re: Gambling Your Net Worth?! Post by: Jamier-Host on January 13, 2010, 05:09:05 PM Ashley Revell had 100% on at a shade under evens....
Title: Re: Gambling Your Net Worth?! Post by: Simon Galloway on January 13, 2010, 05:33:15 PM Ashley Revell had 100% on at a shade under evens.... Having sold everything he owned at 50% discount so he had enough money to take a flip to get back to.... everything he had to start with. |