Win or Lose?
A gambler bets half the money in his pocket on the toss of a coin, winning an equal amount for a head and losing his money if the result is a tail. He repeats this many times, each time betting half the total money he has. After $2n$ plays he has won exactly $n$ times. Has he more money, the same amount or less money than he started with?
You may also like
Gambling at Monte Carlo
A man went to Monte Carlo to try and make his fortune. Is his strategy a winning one?
Marbles and Bags
Two bags contain different numbers of red and blue marbles. A marble is removed from one of the bags. The marble is blue. What is the probability that it was removed from bag A?
Coin Tossing Games
You and I play a game involving successive throws of a fair coin. Suppose I pick HH and you pick TH. The coin is thrown repeatedly until we see either two heads in a row (I win) or a tail followed by a head (you win). What is the probability that you win?