If you had 50k gamble what would your bet be

[Daring]

Quote from AK Forty Seven:

Wait until Obama pulls back to 55-60 and buy Obama to win

I didnt know these bets excited, are the betting places for these type of polls reliable ?

 

[TimtheEnchanter]

I 'd buy silver.

Quote from Daring:

Red or Black at the roulette?

Buy or short a specific stock using options ?

Index futures ?

Metal futures ?

Forex ?

Please post your gamble here, with details please, would like to follow the results of the different ideas.

Thanks for participating.

 

[capt_fadef]

I'd buy 50k worth of eqix 195 sept calls

 

[intradaybill]

Quote from intradaybill:

All legal gambles have negative expectation. You do not want to place a bet on a negative expectation game. Investing is not gambling unless you turn it into one. Infinite QE3 makes buying high quality stocks a sure bet for the next 2 years at least. You should be able to turn 50K into 200K. AAPL will go to $1,000 before you know. GOOG will go to $900 during next year. Find stocks with no debt and good products and there you go. No need to gamble.

Quote from Daring:

Good post, thank you.

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.

 

[badvestor]

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

 

[cornix]

Would just trade it, using method which has an edge... Is that gambling?

 

[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

 

[Handle123]

Quote from Daring:

Are you sure ?

Because aside from BlackJack card counting which is illegal, I dont know anyone that can beat the casino over a long period of time yet many do so in trading.

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.

 

[ubstrader_fx]

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.

 

[badvestor]

Quote from badvestor:

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

Get the 670 puts. Now at 0.85 X 0.88

Get the turd while its hot. Easy double