• brucethemoose@lemmy.world
    58·
    3 days ago

    This is future NotTheOnion. Calling it now.

    Bonus if it has a countdown timer tied to the odds, for that sweet, sweet FOMO adrenaline and dopamine.

  • rem26_art@fedia.io
    73·
    3 days ago

    Double or Nothing but it makes no mention of the odds. Oh well. I’m a gacha gamer so the odds have got to be better than FGO so i’d take it

  • Ilovethebomb@sh.itjust.works
    501·
    3 days ago

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

    • LaLuzDelSol@lemmy.world
      1·
      1 day ago

      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.

    • Shteou@lemmy.world
      38·
      3 days ago

      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).

      • BCsven@lemmy.ca
        13·
        3 days ago

        It entices people to buy/play when they may be on the fence or not that interested, so it is probably a net positive.

        And say it is 50/50 odds then and the product is 50 bucks to make and $100 to sell. If they do double or nothing they lose $50 cost(and no profit) and next one (doublel they make $200 ($50+ $150 profit) So 2 items with total product cost of 100 brings in $200 so $50 profit over both sets.

        So it seems company does same business, but a chance of luring in potiental extra sales on the gamble

    • miss_demeanour@lemmy.dbzer0.comEnglish
      101·
      3 days ago

      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!

    • stupidcasey@lemmy.world
      1·
      3 days ago

      It also takes one potential guaranteed buyer off the market, the value is whatever people are willing to pay for it meaning they would be losing the exact amount of value they were changing.

  • NeatNit@discuss.tchncs.de
    26·
    3 days ago

    So like, how do refunds work?

    If you can’t get a refund and you paid double, you’re screwed and you might not even get a satisfactory product. But if you can get a refund, you can just try it and immediately get a refund if it didn’t go your way, breaking the system.

    On the flip side, if you won the gamble and paid nothing, you might still get a shit product. In this case you can’t get a refund because you didn’t pay anything, but the product still isn’t worth its purported price, and you still took the gamble based on this false value. It’s still a rip-off.

    Maybe gambling and shopping don’t go together quite as well as it first appears.

    • Saledovil@sh.itjust.works
      111·
      3 days ago

      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.

    • ramjambamalam@lemmy.caEnglish
      9·
      3 days ago

      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.

          • PeriodicallyPedantic@lemmy.ca
            1·
            2 days ago

            You typically earn interest for granting someone the privilege of the use of your money.
            Do products in warehouse typically earn interest, or do they depreciate?

            • ramjambamalam@lemmy.caEnglish
              1·
              2 days ago

              Your username checks out, lol. At 5% APR, 30 days’ worth of interest on this $390 purchase is ~$1.63.

              And if we consider that Nike is acting as a bookmaker in this case, the house edge for a bookmaker is around that amount anyway. Nike is likely to bake this edge into their margin anyway, but I don’t think it’s likely that you’d get a bonus of $1.63 if you win this bet, in this hypothetical.

              • PeriodicallyPedantic@lemmy.ca
                1·
                2 days ago

                What I’m trying to say is that this scheme gives the retailer an interest free loan on every purchase, courtesy of the customer, so fuck them for that.

                • ramjambamalam@lemmy.caEnglish
                  1·
                  1 day ago

                  Don’t credit cards usually give 21 days of interest free grace period? So this is over ~9 days worth of interest? Fuck them for that? Not fuck them for exploiting gambling addiction, but for not giving the consumer their two quarters worth of interest?

    • JohnWorks@sh.itjust.works
      5·
      3 days ago

      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.

      • NewDayRocks@lemmy.dbzer0.com
        3·
        3 days ago

        That’s just a casino.

        Degenerates would just add the biggest items to their cart and gamble for the chance at ‘free’ money

  • LiveLM@lemmy.zipEnglish
    23·
    3 days ago

    I’d totally do this and it’d never work in my favor no matter the odds and I’d hate myself for this and that’s why I don’t gamble

    • turtlesareneat@discuss.onlineEnglish
      8·
      3 days ago

      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.

        • Oka@sopuli.xyz
          11·
          3 days ago

          ~Odds of winning are 1 in 46853. Only 1 prize per country. Winning games may not recieve a prize. In order to claim your prize, submit your name, address, social security number, a blood sample, and the last 13 jobs you worked. Include names of every employee interacted with and their role for each job. Participating means you agree to recieve marketing emails, calls, texts, and carrier pigeons from us and our 9002 partners. Marketing cannot be opted out. Requires purchase of US $5000 or more.~

          • Linktank@lemmy.today
            32·
            3 days ago

            ^^^Must have worked at least 13 jobs*^^^

            Wow, I just have to say, fuck the formatting on this dumb site.

            • Oka@sopuli.xyz
              5·
              3 days ago

              ~Of those 13 jobs, 1 must be food service, 1 must be customer service, 1 must be in a warehouse, 1 must be construction or utilities, 1 must be remote, 1 must be on-site, 1 must be hybrid, 1 must require a visa, none can overlap, and you must have at least 10 years experience in Cobol, Rust, C, CSS, HTML, brainfuck, web3, and blockchains. Must be 18-25 with a Masters Degree in Biology, Chemistry, or Linguistics.~