83% chance of losing that's a lot of unfavourable chance compared to the 17% chance of probability. Like no sane person would want to put in a good amount of cash for this as the chances of winning is far way too slim despite the what you have to profit in if you're lucky to win, but then,how do you know you would be lucky.
I think on a scale of 1-100 I'll put 10% of my money for such gamble for it's too risky to be tempted place a huge bet on it.
Well, that's the point of this topic, to figure out a way to determine the sensible stake for such bet. The only non-emotional approach is probably just to use kelly criterion which suggests the optimal would be 9.5% of your bankroll.I think on a scale of 1-100 I'll put 10% of my money for such gamble for it's too risky to be tempted place a huge bet on it.
So your 10% call seems spot on
