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re: Take the split or go for it all. Updated

Posted on 12/16/14 at 9:08 pm to
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 12/16/14 at 9:08 pm to
makes sense. im going for it all
Posted by Louie T
htx
Member since Dec 2006
36321 posts
Posted on 12/16/14 at 9:09 pm to
I'm not going to speak for your current financial situation. Might be smarter to chop if you don't know how you'd afford groceries for next week without the extra $200 like MSU
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 12/17/14 at 10:23 am to
quote:

makes sense. im going for it all



From the looks of it, and based on Yahoo, you have about a 60% chance of winning. Taking this into account, going for it all is worth about .6*800 + .4*100 = $520

Going for the split is worth 300 + 300*.6 = $480

This is only assuming you have a 60% chance of winning

If it was me, though, I'd probably take the split, because $300 is 3x what you put in, and $600 is still a lot of money, and you never know what will happen. But I don't think that's the mathematically best thing to do, and also, not as fun.

This post was edited on 12/17/14 at 10:24 am
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