Which would you rather have?

[festeringZit]

Which would you rather have?

 

[festeringZit]

This is a tough one for me.

$50,000 would not change my lifestyle at all.

$1 million would.

Can't decide.

 

[Hitman26]

Tax consequences?

 

[festeringZit]

Tax consequences?

For the purposes of the question, let's say that all money
is tax free.

 

[festeringZit]

From a pure EV perspective, the second option is twice as good,
but having the sure thing is real tempting.

 

[viking611]

i can turn 50k into 1M over the course of next 25 years. i'll take my chances with it.

 

[barman]

$50K....Would put it to work and it would create more cash and more opportunity.

Would not use any of it to buy "stuff".

 

[barman]

Just read VIKING's post and I have a lot of confidence in him.

Will take my $50K and given him half of it to pool with his for future investment.

 

[valueman]

I could sell the prop for $80k min

 

[wolfie_cr]

let's just say that I am shocked at the current result of the poll

 

[Scoops]

A bird in the hand....
I'll take the sure thing.:toast:

 

[punter]

Thought this was a gamblers fourm. Tough to get a better roll at a mil.

I would kick myself for the rest of my life if I didn't take it. Only kick it for a day or so if I lost.

 

[djmatt]

hey viking... we've had some arguments.. I'd be interested to hear what strategies you had to make that kinda return besides making knockdown loans with co-workers

honestly though, could you shoot me a PM with some suggestions... I plan on fading fadetowin all season and should end up with Laurent Robinson dough

 

[HacheMan]

If you don't take the 10% chance at the million, then you're a poster who's impersonating a gambler............ :toast:

(I'll beat some of you to the punch and go ahead & ask that you spare the "But there are smart gamblers and not so smart gamblers") lol

 

[billhill999]

50K
What's the old adage about money in pocket?

 

[SportSavant]

50K would not change my lifestyle either, however, it would cover 1/4 of my mortgage, so it would be tough to pass up.

 

[TomGshotput]

From a pure EV perspective

But not every dollar has the same value. With an extra $50k in the bank I could live comfortably. With an extra million in the bank ... I could live comfortably

 

[OnWisconsin]

i would pass up the 50k for a coin flip chance at a mill....

i'm that guy who's take the sure thing, and after i take the sure thing they say "which door would you have chosen?"

so i point to one randomly, and there's a million behind it

 

[Boxer22]

If I had to make this decision today. I would take the $50,000 and before the NFL season starts get to a sportsbook and put it on the Carolina Panthers Super Bowl odds at 30/1 to win 1,500,000.00 . Because like others have said $50,000 is not even close to a life changer.... One million would be fun but I can spend that in about 2 minutes. So the action of 50k on a future would be fun to me.

 

[Hookandcrook+]

I could sell the prop for $80k min

That's what I was thinking.