Should I take the risk[$375 loss/$750 profit]

Alright. I'm 17 and I have just got my P plates, I now need a car. I calculated that working 16 hours a week at $14/hr I would have $2k in 9 weeks on top of my savings, ~$4000.

I have just come up with an idea, however it's a risky one.
Every week I would deposit $50 into my paypal account until I have enough for a purchase of 750m.

Upon the arrival of the 750m, I would dice it ALL! Yes, dice it all, through the dragon dyce hosts, which are very reliable.

By doing this I could potentially increase my money by 90%! ($685 total)

IS THE REWARD GREATER THAN THE RISK?

Too bad, I'm doing it anyway.

 

60% risk
40% your luck works

not worth it imo ..

 

I doubt you make $14 an hour @ age 17.
And your stupid if you NEED a car, but your willing to gamble money on a game.

Get a car, then buy rsgp. Prioritys first.

 

This, if you need the car badly then get it first or if your just getting it to get one then go ahead and take a risk

 

That's quite a strong assumption on my wage, however yes, it is true. And I can afford to take the risk, a set back of $300 over 9 weeks is nothing. If I need to expand my duration to 19 weeks then I can.

 

Might as well do it and hope for the best. Good luck if you do

 

Thanks. I'm really only doing it for that instance of thrill. I mean, $325 is a lot of money, but over 9 weeks, it's entirely recoverable. Will be posting a video of it, If I win

 

Trust me, don't do it. You will also lose 30% from selling the gold back to the reseller.

 

This, but that is after you win with a very slight chance of you coming out on top. Besides the 30% you also have to take another 5 - 10% off for host fees.

You chances of winning are around 50%, and if you do win I am assuming you have no system in place so you will lose all of your money because most people don't know how to quit when they're ahead.

 

Odds are strongly against you. Crazypipe put it the best way possible.

 

I'll do it for fun with the slight chance of coming out trumps.

 

After reading your posts in this thread I am led to believe that you're developing a gambling addiction. No point in this thread because you are going to do it anyway contrary to what anyone tells you.

OT: The odds are against you, just work for your car man, better that then be down money just because you wanted a thrill. If you really want a thrill go to an amusement park.

 

You forgot taxes...

 

Theirs a method to use to profit, Start smaller such as 40m If you lose do another 40m, if you lose do 80, The chances of losing 6-7 Times in a row before being cleaned is low, The chances of winning 40m 20 times Before losing is Decent, This will overall increase profit while being safe.

 

I've watched hundreds of people convince themselves with this exact logic end up cleaned.

The fact of the matter is that if you're looking for a solid way to make some money, gambling (And in particular dicing) isn't it.

 

I wouldn't. Prioritise IRL over Runescape.

 

Martingale's system always fails eventually.
I would not do this though. Hell, there are much more reliable ways of gambling.

 

I'm not prioritising, If i get cleaned it's just a minor set back. And no, I'm not developing a gambling addiction, Whether I lose or not, does not bother me. It's a minor set back and I am prepared to work for a gain or a loss. It honestly doesn't bother me. I know what the risk is, I'm not convinced I'm going to win - I'm going to have fun trying.

 

first off $14 an hour is alot and idk how your are getting it after taxes and if your in a union or something but say you do win your have a theoretical amount of money that when you try to sell again will take AGES or you will sell at a fraction of the price its worth and you wont double your money in the end anyways...if you win you will only have like 175% of the original ammount and im not sure a 40% chance is worth it...

 

i agree with anyone who said prioritize real life first.. then whatever you have to spare.. use it on whatever you want..