Hypothetical gambling question

Someone gives you $10,000 dollars while you're in Vegas. The condition is you can only make 1 bet and if you lose, you lose the 10K. If you win, then you keep the bet and the winnings. What would you bet on and why?



Double Post.
I would take the closest bet to 50/50 odds such as red, black, odd or even to have a respectable chance at earning $20,000.

Why? Because I am conservative with my money.
Quote

Originally posted by: friedmush
I would take the closest bet to 50/50 odds such as red, black, odd or even to have a respectable chance at earning $20,000.

Roulette (double zero) has a house edge of 5.26%. A pass line or don't pass line bet in craps would have a lower house edge. One hand of BJ or even bacarret would have a low house edge as well.

How about one hand of $20 100 play video poker? You are virtually assured of winning some hands and getting some money back. Too bad it doesn't exist! LOL!


Go to Blackjack Pooch and see what sports bet he likes. I'd then bet opposite his pick.
I would be ultra conservative. Go to the sportsbook and find the biggest favorite playing that night. Put $10K on the moneyline. You won't double your money but you'll have a great chance of walking away with some decent cash.
Don, I thought about the craps line. But not sure if I could stand the suspense of, say, a 10-roll event. Plus it would bother me to not have $20,000 on the odds bet. Lol
Assuming that same guy has another $10K, I would take a coin flip with him. Because he seems like such a righteous dude.
Is this a trick question?
Can I just keep the money and not make a bet?

Since it isn't my money anyway (like "I'm playing with 'their' money...LOL), I'd put it on the middle column of Roulette, and hope for the best.
I think the sports book would be your "best bet" in finding a winner, although the return on your wager would be significantly reduced. You would not double your money wagered by any means. Maybe a parlay with teasers, but that's going to be difficult to handicap. A big favorite may not pay much on a money line.

If only one bet, I'd play the "Don't" at craps for a minus EV of 1.36%. You can get a better edge at Blackjack, perhaps in the 0.47% range with "perfect strategy", but that percentage would include being able to double, split, DAS, etc, so the house advantage would not be that low. I don't know what it would be based on the flat bet only scenario you describe, and it may be less than the DP at craps.


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