[–] [deleted] 0 points 1 point (+1|-0) ago  (edited ago)

[Deleted]

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[–] DickHertz ago 

Somebody gives you a million dollars and the first thing you do is bet it on a coin toss?

[–] [deleted] ago 

[Deleted]

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[–] newoldwave 0 points 1 point (+1|-0) ago 

A million in the hand is worth a maybe 100 million any day.

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[–] CantBuySkills 0 points 1 point (+1|-0) ago 

This is actually a tough question the more I think about it. My first thought goes to the taxes I would have to pay on the 1 million. When all is said and done I would have about 600k left, which is definitely a nice sum... but it makes that 100 million dollars (60million) look much more attractive. I would still just go for the 1 million, only because it is a guarantee and you can do A LOT with 600k that would make you more than enough money to be financially stable for the rest of your life.

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[–] n0logic 0 points 1 point (+1|-0) ago 

I would take the chance I'm not rich but if i am to have money it better be a lot .

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[–] n0logic ago 

Besides i might find out who has the other 50% chance and eliminate that pest .

[–] [deleted] ago 

[Deleted]

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[–] SocratesOP 0 points 3 points (+3|-0) ago 

Don't know why everyone would take the milli. It really doesn't go as far as it used to. With the other option I have a 50% chance of retiring before I hit 30. If I don't win it, then life hasn't changed for me. Things aren't so bad now, so the 50% chance is a much more lucrative offer. On average, people would get 50mil from the latter option, while you can only get 1/50 of that with the first.

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[–] oedipusaurus_rex ago 

I don't want to retire. I love what I do for a living. A million bucks is more money than I know what to do with, to say nothing of 100 million. It makes more sense to me to take the million than to gamble with that much money.

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[–] SocratesOP ago 

It's not gambling since you didn't put any money up against it. It is just a chance. Obviously you don't have to retire, that's just a personal plus I see out of the 100mil.

If the trade off was you are either broke or you get the 100mil then I could see how this is gambling, but not getting it would mean you keep working at the job you say you love. Doesn't sound so bad to me

[–] [deleted] 0 points 4 points (+4|-0) ago 

[Deleted]

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[–] SocratesOP 0 points 2 points (+2|-0) ago 

Are you assuming 100% of people who invest their million will exceed the 100mil? If anything you've now traded a concrete 50% to bank on your ability to invest and multiply that million (which will be significantly less than a mil after taxes). I know - and I hope you know too - that many times your business ventures don't turn out "all profit" like you planned them. The investors making real money have a lot more to work with than a measly 1mil. To always come out in the green you need to be a big fish now, or have good luck. I think I'd rather take the 50% chance at an early lavish retirement.

Just my perspective.

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[–] Slightedfury 2 points 3 points (+5|-2) ago 

I can make a hundred off the one.

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[–] 5168250? 0 points 7 points (+7|-0) ago 

I'd take the one million. Although the risk is tempting due to the ridiculous risk/reward, in the end: A bird in the hand is worth a million in the bush.

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[–] brucethemoose 0 points 11 points (+11|-0) ago  (edited ago)

That's easy.

Sell the $100 million gamble to a rich investor for $40 million, walk away.

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[–] purr 0 points 1 point (+1|-0) ago 

You're clever. That would work...if they believed you.

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[–] goatsandbros 0 points 3 points (+3|-0) ago 

An investor this rich would probably be smart enough to offer you $2 million (take it or leave it).

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[–] brucethemoose ago 

It's a competitive market. Just ask someone else, play them off each other.

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