The Nets will play vs the Bulls on 2/24/2023 three Rutgers students will be watching the game. Aadi, Demario and Mihir. Aadi is a Nets fan and strongly believes they will win and offers 25 to 1 odds . On the other hand, Demario is Bulls fan and believes they will win and offers 6 to 5 odds. Mihir wishes to structure hedging/arbitrage betting with both of his friends to guarantee him a maximized win regardless of who win the game. The max money Mihir will bet with is $100, how much should he bet with Aadi and with Demario. Drew a profit graph. No money exchange hands prior to the game only at the end. Aadi and Demario are not betting against each other. 

What is the number of current open interests, and what is the max possible number of open interests if other friends join them? 

Please show math calculations not paragraphs

Answer rating: 100% (QA)

To maximize his win Mihir should determine how much to bet with Aadi and Demario based on their offe... View the full answer