A pseudo game show dilemma - what would you choose?

20% of 500K. That amount would almost me life changing. The lesser amounts. Not so much.

80% chance to win $500. I need to cover some car repairs pretty soon.

My thought process as well.

This, but since the estimated return of the bet is 500,000, I think it’d be too difficult to get 1m as we don’t have many contacts in the Gaming industry, I’ll maybe intend to gather $400,000 or so, so people would rush to side-wager with us.

$400,000 will pay off my student debts and help me get on the property ladder.

It’s too hard to choose! Somewhere in the 50% to 10% range. Still thinking…

I’d go for the 20% chance to win half a million assuming you couldn’t game the system with side-bets. Simply calculating average returns isn’t enough, because the value of money changes depending on how much of it you have. The more money you have, the less impact a specific amount of money will have on you lifestyle wise. 500k would change my life significantly.

In my defense, I just got finished with finals week, and my brain is still recovering. Yes, of course we couldn’t get the payoff that high.

this. It would leave me about 100K after taxes, which would be a nice addition to our nest egg for retirement. 30% chance is OK, not fantastic, but simply OK.