DEAL OR NO DEAL

[snoopy1239]

I think I've missed something here too.

You don't have £8,500.

You're being offered £8,500 when the true deal should be £10,000 (if u assume 1p is zero)

[redsimon]

I'm confused!

You have an offer of £8500 but how you get this to £17000 baffles me.

You have three outcomes:

Take £8500.

Refuse and open 1p box
Refuse and open £20000 box.

[snoopy1239]

I guess the whole game depends on how wealthy you are and how desperate you are for the money.

That £300 offer at the start was a joke though.

[redsimon]

I guess the whole game depends on how wealthy you are and how desperate you are for the money.

That £300 offer at the start was a joke though.

Just a way of generating action. Not good TV if they accept early offer

[AdamM]

if you were being offered £10k then there be no pot odds incentive to take the coin flip because you'd be getting evens. the offer is below that so if you gamble the £8500 your pay off is about 5/2
do you not see that the £8500 is effectively yours before you take or refuse the deal?

[snoopy1239]

I wonder if the banker knows what's in the box?

[AdamM]

doubt it. amuses me when they talk about the banker reading the player or respect or tactics. The banker will be making an offer based on the number alone I would think.

[snoopy1239]

I wondered if the offer depended on what was in the box.

[snoopy1239]

if you were being offered £10k then there be no pot odds incentive to take the coin flip because you'd be getting evens. the offer is below that so if you gamble the £8500 your pay off is about 5/2
do you not see that the £8500 is effectively yours before you take or refuse the deal?

surely it's easier just to divide 20k by 2?

[AdamM]

look at it this way, if instead of a telephone offer they brought out the cash it'd be clearer what your dilema was. if they brought out a case with £8500 and said "would you like us to take that away in exchange for the contents of your box, which could be either 1p or £20k?"
you're gambling £8500 to win £20000 your profit if you gamble and win is £11500. as it's an even money shot a fair return on £8500 would be £17000 wouldn't it?

Its basically that old question that comes up from time to time. you're offered a 5/2 pay off on a coin flip but you have to gamble everything you have, do you take it? or 5/1 or 10/1 etc
if you could take your £8500 and break it into 10 lots of £850 and take as many 5/2 coin flips as you like I'd be there all day. one shot, give me the £8500 and find me a cash game.

[Longy]

Your pot odds or EV are just a case of adding the value of all the boxes together then dividing by how many boxes left. The joy of this game is that you get one shot and you are risking going home with very little when you could take something that will make a real difference to you. Of course earlier game the offer can be dependent on how many boxes you have either side of the offer therefore the chance of taking certain boxes out before the next offer and how this will affect the offer.

[snoopy1239]

Your pot odds or EV are just a case of adding the value of all the boxes together then dividing by how many boxes left. The joy of this game is that you get one shot and you are risking going home with very little when you could take something that will make a real difference to you. Of course earlier game the offer can be dependent on how many boxes you have either side of the offer therefore the chance of taking certain boxes out before the next offer and how this will affect the offer.

that's what I'm saying. 20k divided by 2.

[Cybertim]

what have I started..hehe         its still a fascinating game though.. simple and addictive..

[snoopy1239]

I reckon the banker knows what's in that box! It's a fix!!!

[booder]

bout time you updated your blog snoops...........get to work.