If you had 50k gamble what would your bet be

Discussion in 'Trading' started by Daring, Sep 16, 2012.

  1. Daring

    Daring

    I didnt know these bets excited, are the betting places for these type of polls reliable ?
     
    #21     Sep 17, 2012
  2. I 'd buy silver.
     
    #22     Sep 17, 2012
  3. I'd buy 50k worth of eqix 195 sept calls
     
    #23     Sep 17, 2012

  4. No problem. I should be clear that my ideas here do not constitute personal financial advice and that you should do your own research before investing money.
     
    #24     Sep 17, 2012
  5. Today (Monday) or Tuesday, AAPL will hit 700. When AAPL hits 700 buy Sept 22 660 PUTS at 0.85. Sell on Friday at 4.85
     
    #25     Sep 17, 2012
  6. cornix

    cornix

    Would just trade it, using method which has an edge... Is that gambling? :D
     
    #26     Sep 17, 2012
  7. Humpy

    Humpy

    If you want to splash it at roulette don't play the double zero tables. Only 1 zero is still not quite 50/50 chance
     
    #27     Sep 17, 2012
  8. Handle123

    Handle123

    I have a friend who plays video poker and has made money 14/15 years of $100k or more. She plays 500 hands an hour in high rollers rooms, and she makes out well on the points her game cards that record her play from all the casinos. She always wins min of two cars a year. She only plays at casino that offer 4500 to 1 for Royal Frush. Video poker is strictly a numbers play, just like trading, learn and collect. And she lives in Vegas area, she goes to work most days for a few hours, lots of tourmaments.

    I would take the 50k and do tax lien notes, much safer and possibility of getting the property. Gambling too high a risk if you know little about it, just like trading.
     
    #28     Sep 17, 2012
  9. FYI, this is a common interview question at banks and trading desks.

    The answer is "I would bet nothing".

    On a different note, a gambler can be a profitable gambler.
     
    #29     Sep 17, 2012

  10. Get the 670 puts. Now at 0.85 X 0.88

    Get the turd while its hot. Easy double
     
    #30     Sep 17, 2012