Fick’s Higher or Lower Thread

[Fick]

(The management would like to extend their thanks to Poofbird for the financial backing)

Roll up, roll up. It’s the next big thing in rupie gambling. Higher or Lower.

It sounds like a simple choice, but are you prepared to put your money where your mouth is?

A random number is chosen between 1 and 49, all you have to do is guess whether the next number is going to be Higher or Lower!
The payouts for winning are directly linked to the probability of each outcome, so you do you play safe or go for the big bucks?

RULES

• An initial bet must be placed of £25 (this may change with time) on either Higher or Lower.
• The payout for each outcome will be based on the probability of it occurring. I will state the potential payouts for each ongoing player and for a new bet before each draw.
  (for a bet of x on a result of probability n/49 the payout will be x*(49/n), where n is the amount of numbers higher or lower than the starting number)
• If you win you can either collect your winnings or gamble them on the next draw. Gambling winnings is the only way to raise the stakes above £25.
• Each player may only have one game in progress. You may not make another opening bet until you have collected/lost any outstanding money.
• If you collect, you are then free to place another starting bet as soon as you want. This means you can collect after one draw and still bet on the next draw. (if you want to do this I will gladly deduct the next entry out of your winnings)
• All bets must be donated to me before the draw. To make it easy for me say what your bet is in the message field of your donation.
• Winners must announce if they want to collect or gamble before the next draw. If I do not recieve a message from them I will assume they wish to collect.
• If the drawn number is equal to the previous number the house wins. The probability of this occurring is 0.02.
• Winnings are always rounded to the nearest rupie, the house collects the fractions.
• The random number is generated from the freeplay mode of an online casino.

EXAMPLE

The first number drawn is 17.
Hence the probability of Higher is 0.65 and the probability of Lower is 0.35.
A £25 bet on Higher will pay £38 while the same bet on Lower pays £72.

Player A bets £25 on lower.

The number drawn is 5.

So player A wins, and now has £72. He can now either collect or play again.
The probability of higher is now 0.90 paying £80, or lower with a probability of 0.1 which would pay £706.

Who knows what the next number will be? Should he gamble? What would you do?!?


The Game!

The first number drawn is 35.
An opening bet of 25 on higher pays 88, lower pays 35.

Ladies and gentlemen, place your bets! Assuming there is some interest the ball will be drawn on tuesday evening.

If you have any questions or spot a mistake let me know and I may edit this post accordingly.

[Reddig]

Let's go risk! 25 on higher! Go higher, go!

[Fick]

We have our first challenger. Who else is man enough?

Can I remind you to please state your bet in the message field of your donation. It makes things a bit easier for me.

[Dr_nwa]

I'll have 25 on lower.

[sheep go moo]

i will also put my intial bet on lower

[seaempty]

Great thread idea!

I'll have 25 on lower please, Brucey.

[Cap'n Zola]

* Swish.*



Sweet idea, mate.



Initial £25 plus £5 = total £30 on higher.

edit/ Read and received, Fick. Ta.

[Fick]

Originally posted by Cap'n Zola
Initial £25 plus £5 = total £30 on higher.

At the moment it's a fixed 25 entry fee for the first round, I'll refund you 5.

This may change to a variable amount or a different fixed amount in the future. Comments on this is are most welcome.

[Fick]

No more bets, draw is about to take place!

And the number is... 27, so lower wins this time.

Work?, Sheep Go Moo and Seaempty now have 35 rupies in each of their banks. You can either collect, or bet on higher or lower.
If you gamble your 35 rupies higher pays 78 while lower pays 64.

A new bet of 25 pays 56 for higher or 45 for lower.

Place your bets for the next spin. (probably tommorow at about the same time)

[pure canadian]

25 for lower...

[Dr_nwa]

yeah, mine will all go on lower please fick.

[TusksRUs]

I'll take 25 on higher

[sheep go moo]

mine on lower

[seaempty]

I'll put my 35 on higher, please!

Ta

[PoofBird]

I'll put 25 on higher