Should you take the wager?
1) You accept a wager of $1,000,000 with a 1000 to 1 chance of payout of $2000. Don't ask why, you just did. :)
2) The next time you're offered the same wager except the odds have changed slightly, by up to 10% in favor of your opponent, but you don't know the exact odds. Should you take the bet again?
3) Each time you win, the odds change by 10% each time time you wager. When you should you stop accepting the wager?
Answers:
You should take it the first time, since your risk (1:1000) is less than your reward (2:1000). The second time the risk is 1.1:1000, with the same reward. The third time is 1.21:1000 (1.1*1.1/1000)... continue like this until your risk is more than your reward, at which point you should stop.
you shouldn`t take the wager to being with
Well, one thing that confuses this situation is will the 10% be based of the new amount or the original amount.
with a million dollar bankroll you are a Vegas high roller....you are completely comped including air. the 2nd best game is craps with 100X odds 3 cents per hundred dollars bet. but the best game is pow gai. learn it
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What's the closest store to Batesville,Ar. that will be selling lottery tickets?
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2) The next time you're offered the same wager except the odds have changed slightly, by up to 10% in favor of your opponent, but you don't know the exact odds. Should you take the bet again?
3) Each time you win, the odds change by 10% each time time you wager. When you should you stop accepting the wager?
Answers:
You should take it the first time, since your risk (1:1000) is less than your reward (2:1000). The second time the risk is 1.1:1000, with the same reward. The third time is 1.21:1000 (1.1*1.1/1000)... continue like this until your risk is more than your reward, at which point you should stop.
you shouldn`t take the wager to being with
Well, one thing that confuses this situation is will the 10% be based of the new amount or the original amount.
with a million dollar bankroll you are a Vegas high roller....you are completely comped including air. the 2nd best game is craps with 100X odds 3 cents per hundred dollars bet. but the best game is pow gai. learn it
Related Questions:
What's the closest store to Batesville,Ar. that will be selling lottery tickets?
lottery tickets Not sure, try any convenience store.. Source(s): http://www.eblackjack.com http://www.onlinecasino.co.in http://www.crapsonline.com http://www.bestblackjack.com http://www.craps-online.com http://www.online--casino.com http://www.onlinelotteries.com