Before I go to the actual question I am going to make an comparison with roullete For

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Before I go to the actual question I am going to make an comparison with roullete

For example:

For the sake of the example we will forget the chance of the ball hitting ‘zero’

	Bet	Winnings
Red	1	1
Black	1	1

This means that your total loss will always equal your total win and you could never lose or win

Another example:

Payout

Bet

Winnings

loss

Total bet

Total winning

But what if the odds where defined as in the tabel, how much dollar on each section would you need to place to always play the optimum.

With the optimum being the closest to 0 or above

Payout	Bet	Winnings	loss
2x
3x
6x
11x
21x
41x

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

See More Books

Posted Date: Nov 22, 2022 04:50 AM

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Before I go to the actual question I am going to make an comparison with roullete For

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To always play optimum our winnings should be the ... View the full answer

Microeconomics An Intuitive Approach with Calculus

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