Option A involves an 80% chance you win $4,000, but a 20% chance you win nothing. Option B guarantees you win $3,000 for sure
.80X4,000=3,200
1. X3,000=3,000
Difference 200
Would I take a 20% chance of losing it all for a measly $ 200?
If this was a 1 time deal, I would not. If it was a continuing bet, I would.
Last edited by Bodarc; 05-06-2016 at 07:55 PM.
Play within your bankroll, pick your games with care and learn everything you can about the game. The winning will come. It has to. It's in the cards. -- Bryce Carlson
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