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Krupper 50 50 - New Low Risk Gambling Game!

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Krupper Caldari Krupper 50 50	Posted - 2010.03.07 19:14:00 - [1] Edited by: Krupper on 07/03/2010 19:15:11 ▒▒▒▒░░▓▓▓▓▓▒▒▒▒▓▓▓░░▒▒▒▒ ▒▒▒░▒▓▓▓▓▓░░░░░░▒▓▓▓░▒▒▒ ▒▒░▓▓▓▓▓▓▓▓▓▓▓▓▓░░▓▓▒░▒▒ ▒░▓▓▓▓▒░▓▓▓▓▓▓▓▓▓▓▒▓▓▓░▒ ▒░▓▒░░░▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓░▒ ▒▓▓▓▓▓▓▓▓▓▒▓▓▓▓▓▓▓▓▓▓▓▓▒ ▓▓▓░░░░░▓▓░░░░░░░▓▓▓▓▓▓▓ ▓▓▓██░░█▓▓█░░░██▒▓▓▒▒▓▓▓ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▒▒▓▓▓░▓▒▓▓ ▓▓▓░▓▓▓▓▓▓▓▓▓▓▓▓▓▓░▓▓▓▓▓ ▓▓▓▓░▓▓▓▓▓▓▓▓▓▓▓░░▓▓▓▓▓░ ░▓▓▓▓░░▓▓▓▓▓▓▓░░▓▓▓▓▓▓▓░ ░▓▓▓▓▓▓░░░░░░░▓▓▓▓▓▓▓▓░▒ ▒░▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▒░▒▒ ▒▒░▒▓▓▓▓▒▒▒▓▓▓▓▓▓▓▓▒░▒▒▒ ▒▒▒░░▓▓▓▓▓▓▓▓▓▓▓▓▒░░▒▒▒▒ What is it? Krupper 50 50 is a new gambling game in which 1 of every 2 players who buy in will win! Every player has a 50% chance to win there money back plus 50% extra. For example: If 10 people play with a 1 million buy in 5 of those players will receive 1.5 million back! If there is an unlucky player who happens to be on an odd number he will be sent his money back when the winners are generated. How does it work? Every player will be assigned a number depending when you invested. The first person who sent money to Krupper will be number 1 and the third person number 3 etc. At 11 pm (Eve Time) the amount of people who invested will then be entered into the random generator at http://www.random.org and the winning numbers will be generated. If you are a winner you will be sent your winnings by 12pm. How do i play? Because this will be the first time I've ever ran this game I am only running games with a 1 million buy-in. Games with a higher buy-in will be ran once i feel that the corporation has gained enough public trust. To play simply send exactly 1 million ISK to Krupper. Please note that if you send any ISK less than 1 million it will counted as a donation :) If you wish buy more than one ticket please send 1 million ISK several times to Krupper rather than as one lump sum. Please only send ISK before 11pm (Eve Time), if you send ISK to Krupper after that you will be sent it back the next day. How do i know this isn't a scam? Well for a start there is no need for me to scam you because for every 2 tickets bought i will receive 25% of the cash in which i may run a small scale raffle at the end of the month. If you are concerned for any reason please post in this thread or send me a mail. I am not running the game today but will start running it daily tommorow. I want to use today as a chance to address anyones concerns or questions regarding the game or the corporation.
Dethmourne Silvermane Gallente SRS Industries SRS.	Posted - 2010.03.07 19:55:00 - [2] Edited by: Dethmourne Silvermane on 07/03/2010 19:55:35 <-- Sell order are that way. --------------------------------- Regarding high-sec mining: Originally by: AmarrettoDiAmarr 3-4 million ISK/hr is perhaps .15 0r .20 US$/hr; not quite prison wages and you are around less honest people.
Atima Minmatar Starcraft FTW	Posted - 2010.03.07 19:57:00 - [3] This appears to be one of the best investments out there at the moment. Its offering a huge -25% ROI. Once audited I will certainly not be investing. Please hurry up and get audited as I am looking forward to this!
Krupper Caldari Krupper 50 50	Posted - 2010.03.07 21:24:00 - [4] Edited by: Krupper on 07/03/2010 21:24:50 For some reason im not able to edit my post anymore so i'll post further information here. Further Information It is not possible to win more than once with one ticket. If your number is generated more than once it will simply be discarded and a new one generated. However if you have purchased more than one ticket you are obviously entitled to more than one win. While this investment does offer a high return there is also an equal chance you will lose your money. Before playing the game please keep in mind that this is not intended as a 'safe' investment, it is intended to be a low risk gamble instead. All gambling has its risks however! While I get this business on it's feet I recommend that you do not buy more than one ticket at a time. Ofcourse you are welcome to buy as many tickets as you want.. But until i run a few simulations I have no idea how many investers there will be so therefore your odds of making a profit may be altered if you purchase more than one ticket. Simulation and Q&A On Monday 8th March (tommorow) i will be online as Krupper from 6-7pm(Eve Time) which is a chance for you to ask me any questions and get detailed answers back. Tommorow i will also run my first simulation. After 7pm if you feel you have received sufficient information about 'Krupper 50 50' then you are welcome to invest. Please note: If you feel that you have already received enough information you are welcome to invest any time tommorow before 11pm. If needed i will run a second Q&A on Tuesday as well. If you are interested in investing but cannot make it to the Q&A tommorow feel free to mail me or post here and i'll organise another time to answer your questions.
CantStopThe Rokh Selective Pressure	Posted - 2010.03.07 21:30:00 - [5] Quote: Low Risk Gambling! You're lying, get the hell out.
Krupper Caldari Krupper 50 50	Posted - 2010.03.07 21:34:00 - [6] Quote: You're lying, get the hell out. Theres a 50:50 chance of winning, which in my books would be called low risk gambling. There will always be a winner for every 2 people who invest. If you don't like the concept then fair enough but I dont appreciate you trolling in my thread.
Wiglaf Bane	Posted - 2010.03.07 21:44:00 - [7] Please - 1:1 odds on winning is meaningless when discussing ROI. Let play a game where we flip a coin. Every time it lands on heads, you win 1M ISK! Every time it lands on tails, you owe me 5M ISK! Want to play?
SetrakDark DarkCorp Holdings	Posted - 2010.03.07 21:45:00 - [8] Originally by: Krupper Quote: You're lying, get the hell out. Theres a 50:50 chance of winning, which in my books would be called low risk gambling. There will always be a winner for every 2 people who invest. If you don't like the concept then fair enough but I dont appreciate you trolling in my thread. He's right though. "Low" risk of loss would have to, at the very least, be below 50%, though I personally would put anything between 24% and 76% as middling risk and reserve 24% and lower for "low" risk of loss. So you are, in fact, either a liar or stupid, neither of which bodes well for the success of your lottery.
cosmoray Bella Vista Holdings Corp	Posted - 2010.03.07 21:51:00 - [9] Aside from the trust issues, people don't mind gambling and losing when the real odds is close to the real payout. e.g RL casinos - Roulette Roulette wheel has 37 or 38 numbers (18 red/18 black and 0 and sometimes 00) You bet on red the payout is 2:1 (double your money), and you have an 18/37 or 18/38 chance of doubling your money. The loss rate is either 2.7 or 5.2% Your casino is a 50:50 odds yet payout is 1.5:1. The loss rate is 25%. No one will played at those odds. Horrible idea is horrible!
Krupper Caldari Krupper 50 50	Posted - 2010.03.07 22:26:00 - [10] Edited by: Krupper on 07/03/2010 22:33:39 Quote: He's right though. "Low" risk of loss would have to, at the very least, be below 50%, though I personally would put anything between 24% and 76% as middling risk and reserve 24% and lower for "low" risk of loss. Yes I do see your point about 50% not being a very low chance of losing but think about it this way. Firstly If you play a game where you have a 70% chance of winning and 30% chance of losing there will be very little return because 'the house' will not be making enough profit. Also chance in percentage terms is not the only thing you want to be taking into account when talking about a low risk investment. If 10 people invested in a 30% loss game it is still possible for all 10 to come out with nothing although it is unlikely. With my game half the people are guarenteed to win. Quote: So you are, in fact, either a liar or stupid, neither of which bodes well for the success of your lottery. I do appreciate you countering my idea and challenging me. It's making me think and forcing me to explain the concept further. However i'd appreciate it if you could keep this to strictly business and stop trying to personally attack me. There is no reason to suspect me being a liar, I am offering to anyone to give them the information they need in order to no longer suspect me. And for my own sake i hope I'm not stupid Quote: Aside from the trust issues Im here to try to assure investors the most I possibly can that i am not a scammer :) If there is something I can do to convince you that this is for real then please ask. Quote: Roulette wheel has 37 or 38 numbers (18 red/18 black and 0 and sometimes 00) You bet on red the payout is 2:1 (double your money), and you have an 18/37 or 18/38 chance of doubling your money. The loss rate is either 2.7 or 5.2% Theres something fundamentally wrong with your calculations. I know little about roulette but the game can only work if the casino pays out less money than it is bringing in. Plus in Roulette (from my understanding, correct me if im wrong) there is a large odd that you wont lose your money but there is also a large odd you will only win 1:1. Therefore my game actaully has a higher rate of winning, although also a higher rate of losing. The difference between most games and my game is that there will always be a winner. Quote: No one will played at those odds. I think the last couple fo posters have failed to see past the >50%<.I dont think i've explained it fully. For every 2 people that play there is a 100% chance someone will win. Now im no gambling expert but that is good odds even if there is a 100% chance someone will lose. Most games have a constant chance to lose and a constant chance to win which means that the house could end up not paying out anything to hundreds of people or end up paying out to people on a winning streak. Casino's dont go bankrupt because they always pay out to far less people than they take from. I, on the other hand, will be paying out to exactly half the people who invest, which is guarenteed unlike the pure odds at the Casinos.
Packtu'sa Nabaal Construction and Industrials Corp Nabaal Syndicate	Posted - 2010.03.07 23:37:00 - [11] Originally by: Krupper For every 2 people that play there is a 100% chance someone will win. This is incorrect. If this were the case, then I could buy two tickets and I'd win on at least one of them, every time. In reality, if I buy two tickets, I only have a 75% chance that one of them will win, and a 25% chance that both will win. That, of course, assumes that you aren't rigging the results, and that each ticket truly has a 50% win chance. Packtu'sa Founder/CEO, Nabaal Construction and Industrials Corp [NCIC]
Krupper Caldari Krupper 50 50	Posted - 2010.03.07 23:46:00 - [12] Quote: This is incorrect. If this were the case, then I could buy two tickets and I'd win on at least one of them, every time. In reality, if I buy two tickets, I only have a 75% chance that one of them will win, and a 25% chance that both will win. That, of course, assumes that you aren't rigging the results, and that each ticket truly has a 50% win chance. Nope, there really is a 100% chance that 1 of 2 people will win. If 10 people buy tickets they're all assigned a number from 1-10. I will then enter 1 as the minimum and 10 as the maximum on the random number generator. I will press the random number generator until i get 5 different numbers (numbers that are selected twice will be discarded the second time.)Therefore there really is a 100% chance that 1 of 2 people will win, without me rigging the game.
Estel Arador Minmatar Estel Arador Corp Services	Posted - 2010.03.07 23:55:00 - [13] Great, a betting game by someone who doesn't understand odds Fake edit: Anyone saying "think about it this way" is failing to get their point across. You should be thinking like other people, not other people like you. Free jumpclone service\|924 stations - Truly Universal
Krupper Caldari Krupper 50 50	Posted - 2010.03.08 00:07:00 - [14] Edited by: Krupper on 08/03/2010 00:15:38 Edited by: Krupper on 08/03/2010 00:07:24 You are right, I overlooked the fact that if I allow multiple tickets per person the game is no longer kept at a constant 50% chance to win per person. Ty for pointing this out to me :) Im glad i used today to improve the game concept and will create a new thread in a couple of days with a revised version of the rules and a clearer explanation of how it works. I'm currently editing my posts to reflect the changes in the rules.
cosmoray Bella Vista Holdings Corp	Posted - 2010.03.08 00:29:00 - [15] You have to understand in casino's the house only has a small edge in a lot of games. The casino makes money by having a huge capital base and allowing lots of people to play. In the end they win. Link to House Edge numbers Your house edge is 25%, that means very quickly any player will be wiped out. People also won't play lottery games in eve where they think the organiser is taking too large a cut.
Cobalt Sixty Caldari Perkone	Posted - 2010.03.08 04:07:00 - [16] Originally by: Krupper Im glad i used today to improve the game concept and will create a new thread in a couple of days with a revised version of the rules and a clearer explanation of how it works. Whatever, just don't post it in here. Try here
OPX2	Posted - 2010.03.08 13:24:00 - [17] The only fair gambling/insurance scheme is when the house/insurer makes nil profit. It would be pointless to have one, thus there will be none. OPX2
Roger Kiyosaki Community for Active Tax Evasion	Posted - 2010.03.08 13:42:00 - [18] An expected value of -25%? And someone will win?! This can't be legit... Great! Where do I sign up?
SencneS Rebellion Against Big Irreversible Dinks	Posted - 2010.03.08 14:35:00 - [19] Dude, you stepped into the forum full real life of accountant, stock brokers, general managers, and entrepreneurs, who all are significantly above average IQ and reside all over the world... And what do you do here.... try to tote a -25% loss as low risk, then argue with someone who probably has a masters in mathematical science about his calculations about a game that has probably had more math theory placed about it then anything else. My advice, go push your high risk casino on a place where their average IQ is lower then yours... Amarr for Life

CCP Shadow Caldari C C P	Posted - 2010.03.08 16:03:00 - [20] Thread moved to its new home in Sell Orders.


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