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Take the $1k or risk it for $10k?

Yarik · 6 days ago · 2 replies · 37

Would you rather take a guaranteed $1,000 cash right now, or flip the coin for a 50% chance to win $10,000 (and 50% chance to walk away with nothing)?

Mathematically, the gamble has a much higher expected value and honestly, a grand isn't going to change much anyway, whereas $10k could actually clear a serious debt or fund a major goal.

Which option are you locking in, and why?

2 replies
D
Demon Slayer · 3 days ago

I'll risk it to win the $10k. This is because I never own the $1k, so I'm assuming that I'm only trying to win the $10k. If I do, that's better and if I don't, I know it's not my luck.

Cool-writer · 1 day ago

I would certainly never risk $1K. I would take $1K and invest it. There is a really high chance that if I invest $1K, I would be making good money as a return in investments. I would not risk it or gamble it to flip it to make $10K because the odds are always against you. Perhaps it would be a really great idea to take $1K and invest it in a business that would surely guarantee you profits.

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