How to go from $603,000 to $1 in less than a minute

[pfunk880]

Re: How to go from $603,000 to $1 in less than a minute

Those claiming they would "take it" probably never would have gotten there in the first place. That same attitude would've most likely had them bow out at $300,000 or such.

Has anyone ever won the million?

That's a good point. It probably took some tough no deal calls for him to get as far as he did.

[Trevytrev11]

Re: How to go from $603,000 to $1 in less than a minute

Those claiming they would "take it" probably never would have gotten there in the first place. That same attitude would've most likely had them bow out at $300,000 or such.

Has anyone ever won the million?

I agree with this. I'd go into the show with a number in my head and probably leave when and if the offer exceeded my number assuming the board was not at that point favorable.

Being stuck in that exact situation with three cases, I would have done the same. The benefit of gaining $400K and only losing $200K is worth it to me. But with just two cases, a 50/50 chance (even with favorable pot odds), the threat of winning nothing out weighs the benefit of adding an additional $600K and I would have taken the money.

Statistics are nice over the course of numerous events, but in a single event I am not comfortable with a 50/50 chance of winning nothing when I can guarantee that I will a sizable amount of money...I'll take a guaranteed $400K over an even chance to win $1M any day of the week.

[GAMEC0CK2002]

Re: How to go from $603,000 to $1 in less than a minute

I agree with this. I'd go into the show with a number in my head and probably leave when and if the offer exceeded my number assuming the board was not at that point favorable.

Being stuck in that exact situation with three cases, I would have done the same. The benefit of gaining $400K and only losing $200K is worth it to me. But with just two cases, a 50/50 chance (even with favorable pot odds), the threat of winning nothing out weighs the benefit of adding an additional $600K and I would have taken the money.

Statistics are nice over the course of numerous events, but in a single event I am not comfortable with a 50/50 chance of winning nothing when I can guarantee that I will a sizable amount of money...I'll take a guaranteed $400K over an even chance to win $1M any day of the week.

Co-sign. I would sleep just fine at night knowing I missed out on a million dollars if I got 400K vs. missing out on a million dollars and only getting $1.

[dkgojackets]

Re: How to go from $603,000 to $1 in less than a minute

An interesting question this brings up:

Say that only two cases are left, the million and the 1. What is the lowest offer you would be willing to take?

[JayBee74]

Re: How to go from $603,000 to $1 in less than a minute

Totally boneheaded-no defense for it.

[Cebby]

Re: How to go from $603,000 to $1 in less than a minute

An interesting question this brings up:

Say that only two cases are left, the million and the 1. What is the lowest offer you would be willing to take?

$372,000