memes

now that's a malicious sentence... but yeah, quitters never win :|

66.7-33.3, naturally, as everyone would expect double or nothing to have double chance of nothing over double rather than no chance of double over nothing.

Is it a gamble? I thought it was a choice and was like "Who the hell isn't gonna take 'Nothing?'"

It shows a coin, so I would assume 50/50

I don't think so. They're still making the exact same revenue per sale on average. The cost isn't relevant here, another way of looking at it is in the case the customer pays nothing they've lost the cost of the goods and the profit they would have otherwise made, so it evens out.

It works out well for the seller if, by providing the option to gamble on the product, they increase sales, which I would guess it would (at the expense of being morally grey).

Nah it works out the exact same. Say you make $10 every time you sell a $100 product. That means you have a 50/50 chance of either gaining $110 or losing $90. 110*0.5 + (-90)*0.5 = $10.

This would be a winning strategy for the seller ~~given that the value of the product is less than what they charge.~~

Yes! Yes, indeed!

If you pay nothing, the payment provider actually paid, and they get the refund. If you paid double, then the merchant still only got paid once, and you get that share back.

So like, how do refunds work?

You "flip" the coin at any time during the eligible refund period, but the result is only revealed after the refund period has expired.

I’d imagine it would refund the cost of the product to you no matter the result of the coin flip since it is basically gambling. If you return it after getting it for free you get paid the cost and if you return it after paying double you still get back the cost.

This is how I always was.

Then I sat down in Vegas at a machine and pulled a few times, while my husband sat next to me.

Every time he lost, I won.

A half hour later, I'm up $80 and vowing never to do this again, cause it suddenly makes sense.

Now I can't hear the "Kroger Top-of-the-Hour Conditioning" noise without getting a slight dopamine rush.

You would get refunded only half of course. You lost the rest at the game

That you see up there is just a stupid meme.

But now the OP has created that concept and freed it into the world. Now all the bets are off.

"You have insufficient funds available on your payment method for an additional flip."

Theres no guarantee of fair odds

"1x FREE FLIP! (Click to Watch Ad)"