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After you complete the “Take Back the Sea” side quest (which is as simple as just killing a bunch of bokoblins on a nearby beach) and restore Lurelin Village, you’ll find a house in the northeast of the town where you can gamble your rupees for a quick buck.
Where to find the gambling house
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Travel to the Yah Rin shrine and head down into Lurelin Village. Keep heading roughly northeast as you follow the paths through town. You’re looking for a house with the door open — you can see it when you look northeast from the Lurelin Village inn.
How to gamble
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Bear in mind that this is by no means a get rich quick scheme. When you walk into the house, talk to Cloyne. He’ll explain the rules of the game to you — you pay 10, 50 or 100 rupees for a one-in-three chance to win money. Buying in at 10 or 50 rupees gives you the chance to double your money. Paying 100 rupees, on the other hand, will triple it.
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After you buy in, all you have to do is go pick a treasure chest. There’s no way to game the system here — you’re just at the mercy of chance. Two of the chests contain a single rupee, and the third has either double or triple what you paid in.