Hard probability question?
Posted by admin in Uncategorized on 05 10th, 2010 |
2 Comments
At a certain European roulette table you use the martingale betting system. If you begin with two hundred and fifty dollars and begin betting with 1 dollar each cycle. What is the probability of losing all your money before you double your amount? Note: The maximum bet on red or black is 1000 dollars.
The...