Pop quiz, hotshot: what do you do?

[goodm0urning]

This topic came up at another forum I'm on: (http://www.freaksafari.com/forum/showthread.php?t=2960)My friend just told me an interesting story. Last year in Vegas one of his friends lost $4,500/$5,000 he took to gamble. He was pissed and went and placed his last $500 on the Patriots to go 19-0 and win the Superbowl. The odds were 12,000 to 1. The casino called him last night and offered him $2 million to buy out his bet.

He is very conflicted. Before the casino called he figured if they lose, he lost $500. Now if they lose he loses $2 million.I want to know what SRKGD thinks about this. What would you do in this guy's situation? Take the guaranteed $2,000,000 and walk away, or hold out for the $6,000,000 and risk getting nothing?

[pherai]

Fuck the Patriots.

[Alzarath]

Guaranteed 2 mil, you say? Done.

2M would last me quite some time...

Oh and

Fuck the Patriots, and Fuck the Knicks too.

fixed, yo :3

[rcaido]

I always go for the guarantee...$2,000,000 is enough...

[The Chief]

Take the 2 million.

...bet $500 on next years Super Bowl.

[ToyRobotTerror]

2 million easy

also

Pryde, fuck the patriots:V

[fishjie]

2 million duh

[spideyman]

i'd take the 2 mil. 6 would be a gift from god, but that's just being greedy. what if the pats lose anyways?

[Dasiatic]

yeah, id take the majority answer. guarenteed.

but i feel that GM is hiding out something. there has to be a trick question to this. i dont know. it just seems too obvious.

[Darklightjg1]

Yeah don't get greedy. Take that 2 mil and bounce.

Example of how it should go down:


Your friend: *Takes the $2 million*... and I'm out dis bitch.:bgrin:

[Windlord0]

no question, take the 2 mil. If he doesn't take the 2 mil, and they lose, well he will feel awful. If he takes it and they win, well he will have 2 mil in his pocket to make him feel better.

[DarthTrey]

take the guaranteed money yo, with the proper investing that 2 mil will become 6 mil rather quick.

[orochizoolander]

Let it ride for 6mil!

2mil is chump change after all it could barely buy u half a stick of gum and lets not forget after taxes ur left with...OVER 9000!!!!:rofl:

*goes back to snorting coke off jessica albas ass*

[ToyRobotTerror]

Let it ride for 6mil!

2mil is chump change after all it could barely buy u half a stick of gum and lets not forget after taxes ur left with...OVER 9000!!!!:rofl:

*goes back to snorting coke off jessica albas ass*

have you learned how to do srk?

[rsigley]

its a lie so whats the point

no book in vegas was taking this bet pre season

[R | C]

Take 2 mil.

Buy a house.

Rent out house.

Cash in rent checks.

Go back to Vegas.

[Arxinal]

The choice is 2 million, 6 million with chance of suicide.


Take the 2.

[axeman61]

2 mil, dude. This isn't even a question.

[Darklightjg1]

I'm waiting for the twist...

[starboy]

its a lie so whats the point

no book in vegas was taking this bet pre season

dawt

That's the first thing I thought after reading the story.

[BaSiK_TeKniK]

go to school.
make dubstep.

[NG1313]

Negotiate :encore:

Take 2 mil.

Buy a house.

Rent out house.
Go back to Vegas.

Yep.

[tajiri]

"those who dare, win"

[ThePurpleBunny]

$500 on 12,000 to 1 is $6 million (I think). $2 million sounds good though, so I might end up taking that instead of trying to be greedy.

But the way it sounds, the guy likes to gamble and would probably blow it all in Vegas.

That casino must be shitting its pants enough to make him an offer.

[Rod Driguez]

'nother vote for the 2 mil.


Fascinating story...

[Alzarath]

"those who dare, win"

Hope you like the dollar menu at McD's xD

[Silentness!]

2 million.

Buy my dream car + house and invest everything else (SMARTS SON)

[NegroNinja]

its a lie so whats the point

no book in vegas was taking this bet pre season

What he said.

But if this were theoretically true I'd go with the 2 mil. Seriously, that's more money than most people ever see in their life.

[goodm0urning]

yeah, id take the majority answer. guarenteed.

but i feel that GM is hiding out something. there has to be a trick question to this. i dont know. it just seems too obvious.I'm waiting for the twist...No twist, though this might be a good way to out bullshitters and compulsive gamblers.

We have maybe two or three guys over at FS (http://www.freaksafari.com/forum/showthread.php?t=2960) opting for the $6,000,000, with everybody else choosing the $2,000,000.

[EndLeSS8]

2 million, game set match

[TheSix]

Take the two million.

"Sir, we will offer you two million if...sir?"

Me - /Already doing a jig on the roof

[ChunLi]

Unless his networth is more than $10mil.. take the freakin $2mil...

[Mechanica]

I feel stupid asking this, but I don't... get it. I don't know if I'm just retarded, or if it's because I don't gamble, but what is buying someone's bet out? Like, why does the casino wanna drop $2M on his random ass 500 bet? What do they get out of that?

[ThePurpleBunny]

I feel stupid asking this, but I don't... get it. I don't know if I'm just retarded, or if it's because I don't gamble, but what is buying someone's bet out? Like, why does the casino wanna drop $2M on his random ass 500 bet? What do they get out of that?

Because he put that $500 on 12,000 to 1 odds, so if he were to win, he'd get a lot more than $2 million.

[Alzarath]

I feel stupid asking this, but I don't... get it. I don't know if I'm just retarded, or if it's because I don't gamble, but what is buying someone's bet out? Like, why does the casino wanna drop $2M on his random ass 500 bet? What do they get out of that?

I don't gamble either, but I assume it's to prevent the house from losing $$..

[Mechanica]

Because he put that $500 on 12,000 to 1 odds, so if he were to win, he'd get a lot more than $2 million.

Oh, I thought someone was just saying that it was a 12,000 to 1 chance of that team winning. :lol: I get it now, thanks. :razz: (durrrrr)

[Pimp Willy]

Theoretically, since there is no way this is real:

The obvious answer, of course, is to take the 2 million dollars and laugh your way to the bank.

The less obvious answer is that the Patriots are favored to win the SuperBowl by 12 points. They are probably going to win. A real gambler would let it ride for the $6 million, knowing that they're really only risking the $500 they put down, and the fact that the bet is in their favor.

[Million]

I'll always take the guarantee, especially if that guarantee is 2 million dollars. It's not even a tough question at all for me, probably because I've never had a gambling "problem". Really, you'd have to have a hardcore gambling addiction to turn down a guaranteed 2 mil on the chance of 6 mil, even if that's a very good chance.

[VI The Sixth]

He's not going to get 2Mill after taxes.

Go for the 6!

Taxes are going to own him either way though x_x

[JackKnife Max]

Man, the 2Mil is a lot itself, so I'd take that, rather than risk losing it all.

[Brutal-R]

Take the $2 Million and invest in a high intrest savings account. Earn shitloads of money by doing nothing.

[Warpticon]

I have a slightly more difficult decison proposal for you.

Let's say you have to take a shit. The bathroom is one room over, you're home alone, and there's nothing stopping you from taking a shit. Do you take a shit, or not?

[Dasiatic]

I have a slightly more difficult decison proposal for you.

Let's say you have to take a shit. The bathroom is one room over, you're home alone, and there's nothing stopping you from taking a shit. Do you take a shit, or not?

I'm still waiting for the twist.

[Unbridled Roar]

this is like deal or no deal...get out while the gettin's good

"no no, the $100,000 I have isn't enough....i got the million --> end of show --> $5"

[Tiberious]

Three words: Take money. Run.

However, he should respond to his offer with one of his own, at approximately 5M and make sure he lets them know they can haggle from there. All goes well, he can probably come out with 3.5M.

The casino's shitting bricks at this point, and they wanna pay him a little so they don't lose alot. From what I read in the other forum, he's looking at an EV of 4.8M, so if he takes 3½M, the casino comes out ahead (saving 1.3M), and he makes out better (up 1.5).

If they refuse, and keep it at 2M, final offer, still take it. Invest most of it, and take a little to have fun with. In the right places, he can add quite a bit to his yearly income.

[ckrazy]

You guys are whack fuck the 2million


You should of ask this questions in the NFL THREAD! its 1 GAME so that mean you he has a 50% possibility of winning 6million which is TRIPLE the amount the casino is offering. They didn't hire stupid people to give you good deals I mean it was a sucker bet the odds were 1/12,000 but he got lucky and you might as well take full advantage of it.

Now on to the football side the Patriots are 18-0... that mean they are UNDEFEATED! how the hell do you bet against a team that is undefeated and beat the Giants already this year. Its 1 game it not 19 more game that the Patriots have to win. The Giants are currently a 11 1/2 point underdog. If the casino wasn't scared shit less they wouldn't have offer this deal to your friend.

I would only take the guarantee money if it four million or more.

However I am a football fan so I would go for it all regardless.

[AcryiLLic]

I would take the $2mil but imagine how much they are going to tax that shit you would be lucky to walk away with $1.2 mil which is still alot but taxes are a bitch....

[goodm0urning]

You guys are whack fuck the 2million


You should of ask this questions in the NFL THREAD! its 1 GAME so that mean you he has a 50% possibility of winning 6million which is TRIPLE the amount the casino is offering. They didn't hire stupid people to give you good deals I mean it was a sucker bet the odds were 1/12,000 but he got lucky and you might as well take full advantage of it.

Now on to the football side the Patriots are 18-0... that mean they are UNDEFEATED! how the hell do you bet against a team that is undefeated and beat the Giants already this year. Its 1 game it not 19 more game that the Patriots have to win. The Giants are currently a 11 1/2 point underdog. If the casino wasn't scared shit less they wouldn't have offer this deal to your friend.

I would only take the guarantee money if it four million or more.

However I am a football fan so I would go for it all regardless.Actually, the way Vegas is talking, it's more like an 80% possibility of winning $6 mil. The Pats are favored.

That said, it's still a one in five chance of taking home dick squat when he could have $2 million as an absolutely 100% guarantee. Hence the dilemma.

[ckrazy]

Actually, the way Vegas is talking, it's more like an 80% possibility of winning $6 mil. The Pats are favored.

That said, it's still a one in five chance of taking home dick squat when he could have $2 million as an absolutely 100% guarantee. Hence the dilemma.

You said it yourself 1/5 chance. The hell you ain't happy with 80% at 6mil? I understand the 100% part but its 2million and it over 10 grand so tax cut gonna be a bitch.

[goodm0urning]

You said it yourself 1/5 chance. The hell you ain't happy with 80% at 6mil? I understand the 100% part but its 2million and it over 10 grand so tax cut gonna be a bitch.Unless you spend like an idiot, $1.2 million or whatever you end up with after taxes is enough money that you'll never have to worry about tightening your belt again for the rest of your life. That's the kind of security a lot of Americans don't ever have the luxury of. Yes, it's hardly the windfall of $4+ million, but I'd rather be guaranteed a lifetime safety net than chance losing it all on what is essentially extra money to burn.

As they say, don't get greedy. You're being handed two million bucks, free. Yeah, you might kick yourself if you find out you could have had the six, but not nearly as much as you would if you let it ride and end up with nothing.

[Ki Shima]

please i hope he took the 2 million, or atleast asked them to half the 6

[PARADiSE HiLLS]

I'd take the 2 mil. Guaranteed money even though he'll probably end up with under 1 mil after taxes, which is more money than what a lot of us will see in our lifetime.

What I want to know is how did they have his information? When you do sports betting, they don't take your personal information.

[rsigley]

after serious thought, i'd take what's in the box

[Silentness!]

Let's say after taxes you end up with half, so, $1 million
____
Buy a new Car: $30-40K
House: 100-200K

Let's say you max out on both prices: 40K + 200K = 240k

You still have at least 700K left to spend... Shit I'd probably work some lame job like grocery bagger for a couple hours on the weekdays to keep busy. Party all night on the weekends with hot bitches.

(daydreams about being rich)

[rsigley]

lol@ a house being 200k, where the hell do you plan on living

and why buy that stuff outright

why not get a mortgage at 5% and invest it

make more money investing 1 mil than 700k

also, why do you need a 40k car?

[Silentness!]

lol@ a house being 200k, where the hell do you plan on living

and why buy that stuff outright

why not get a mortgage at 5% and invest it

make more money investing 1 mil than 700k

also, why do you need a 40k car?

cause I'm a dumb 20 year old.

Good thing I don't actually have a lot of money at my disposal

[ThePurpleBunny]

lol@ a house being 200k, where the hell do you plan on living

Somewhere outside of Jersey, obviously.

[Vicioso]

um

the pats winning the superbowl is not even a bet...it WILL happen

THEYRE PLAYING THE FUCKEN GIANTS!!!!

the giants WILL find a way to lose

id go for the 6 mill

[Wild Kitty]

You guys are a bunch of pussies. If I had this chance with the same situation presented to me I'd let the shit ride for the whole 6 mil. And I don't gamble at all except for the occasional 20 dollar buy in poker game, a scratch off here and there, and a lottery ticket once in a blue moon. You can't live off that 2 mil. All that's gonna change is you're gonna be able to buy a few more toys than you used to be able to. You're actually going to be taking a bigger risk by investing it in anything that will net you any kind of profit you'll likely be able to see sometime soon. A million bucks ain't shit anymore.

[Daigo Jr]

II mill.

6mill's too selfish but mostly because when you lose you ain't got shit.

[DietSoap]

A million bucks ain't shit anymore. Well, no. That's... wrong. :wonder:

[Shinkuu Tatsumaki]

If it was like take $200 or chance to get $600, I'd take the chance.

But holy shit, that's millions man!! I'd that 2 million in a heartbeat.

[Irennicus]

This isn't even a question. Why are you posing it as such, GM?

[goodm0urning]

This isn't even a question. Why are you posing it as such, GM?Because I was hoping you'd post in here so I could stare at your avatar for a while.

[Ceirnian]

You guys are a bunch of pussies. If I had this chance with the same situation presented to me I'd let the shit ride for the whole 6 mil. And I don't gamble at all except for the occasional 20 dollar buy in poker game, a scratch off here and there, and a lottery ticket once in a blue moon. You can't live off that 2 mil. All that's gonna change is you're gonna be able to buy a few more toys than you used to be able to. You're actually going to be taking a bigger risk by investing it in anything that will net you any kind of profit you'll likely be able to see sometime soon. A million bucks ain't shit anymore.

Investing is actually a really safe bet as long as you understand how it works. 2 million is enough to guarantee a very nice life in the hands of a smart person.

[gridman]

Id make them offer 3 mill.

[thurst]

lol@ a house being 200k, where the hell do you plan on living?

outside of nj you can get a non-"shit hole house in a crime ridden area" for around 200k.

but yeah, i'd take the $2 million, only bcuz it's such a huge amount of money. if the amount of money wasn't particularly important to me though i'd go for the $6 million bcuz these patriots are gonna win against these giants 80-90% of the time, if not more in my opinion, so the casino is counterfeiting me about $2.5 mil with that offer; i need like $4.5 mil to make it worth it.

and as far as $2 million not being worth anything...you can easily find some account that will give 4-5% interest and just live off of that cool $100k/year like most americans...the difference being that you also have $2 million extra just sitting in the bank.

[Arxinal]

I really hope he took the 2 million...

or he'd be feeling really bad right about now...

[kempobot]

oh... shit... (O_O)

i hope he didn't go through with the bet...

never underestimate the ungodly power of vegas.

[goodm0urning]

Let this be a valuable lesson to everyone who said they'd let it ride.

[Alzarath]

W/e said they'd let it ride: Don't feel bad, dat dollar menu ain't goin anywhere. You'll still get to eat xD

[Darklightjg1]

W/e said they'd let it ride: Don't feel bad, dat dollar menu ain't goin anywhere. You'll still get to eat xD

:rofl::rofl::rofl:

[goodm0urning]

I heard Starbucks is going to start offering short coffees for a dollar each.

[Night]

If he didn't take the 2M, he's pissed now!

[AcryiLLic]

If that was me and i wanted to ride it all on the Pats winning i would have hung myself with whatever i had.............

[akumachan]

I would have bought that shit out in a heartbeat.

-AC
2mill FTW

[akumachan]

lol@ a house being 200k, where the hell do you plan on living



Arizona.

You can get a nice house for 200K here.

Im plannign to get one at the end of 08 for 250. prolly less with all the fuggin incentives they got going.

-AC
fuck los angeles

[Manx]

lol@ a house being 200k, where the hell do you plan on living

Here in Tx, a 200k house is a really nice house. You can get a old home for ~ 80k and new homes start at around 90k at the soon-to-be-a-ghetto level and get rather nice at the 120 - 150k range. Also, a lot of drilling companies are leasing the mineral rights from property owners out here. My father's probably going to be getting ~ 1000$ a month for at least 5 years and 25% of the oil profits if they find anything. I've heard of some people getting as much as 2800$ a month for their mineral rights. I love Texas. Too bad the Pats lost. :tup:

[Will Gotti]

There's no conflict of interest at all. I'd take the $2 mil hands down, I'd have been on the road from LA to Vegas in a heartbeart after they called. Worrying about $2 mil-$6 mil is stupid and greedy because you're guaranteed $2 mil just to have your bet bought out and probably don't even have $2 left in your bank account.

[Pimp Willy]

Here in Tx, a 200k house is a really nice house.

But, it's texas. It defeats the purpose of buying a nice house, to live in the south...

[daydrinker]

Hah, I woulda held out for the 6 mil, I can't imagine what I woulda done had I been in this situation and lost all that money.

[kempobot]

But, it's texas. It defeats the purpose of buying a nice house, to live in the south...

:rofl: nicely played.

but you do realize that texas is different from the rest of south, right?

in fact, we're getting far too many people from your neck of the woods migrating here buying our cheap houses if that's any indication. :tup:

[Silentness!]

but you do realize that texas is different from the rest of south, right?


no wai
_____________

ahahaha fuck the Patriots! They got served

I had to work during the super bowl and I didn't get to see any commericals because of the gay ass military commercials.