Strategy 1: You bet $8 on Red on four consecutive rolls. Let Y1 = amount you go home with under strategy 1.
Strategy 2: You bet $1 on Red on the first roll. If you win you go home. If you lose, you bet $2 on Red on the second roll. If you win you go home. If you lose, you bet $4 on Red on the third roll. If you win you go home. If you lose, you bet $8 on Red on the fourth roll. If you win you go home. If you lose, you make one more bet of $16 on Red on the fifth roll. You go home after the fifth roll.
Suggested Problems (not to be turned in):
last updated: $Date: 2006-04-05 17:38:25 -0400 (Wed, 05 Apr 2006) $