The house is always determined to make sure you walk out with less money than what you entered in. But Ted feels he's found a strategy for roulette that works. He tells you:
"In each round, I always bet half of the money I have at the time on red. Yesterday, I counted and I had won as many rounds as I had lost."
Over the course of the night, did Ted win, lose or break even?
In case you're not aware, if red comes up, you win as much money as you bet. So, if you bet $100, you win $100. If black comes up, you lose the $100.
I'm posting one puzzle, riddle, math, or statistical problem a day. Try to answer each one and post your answers in the comments section. I'll post the answer the next day. Even if you have the same answer as someone else, feel free to put up your answer, too!
Friday, February 08, 2008
Posted by Unknown at 10:20 AM
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Slowly loosing money.ReplyDelete
Start Bet ResultReplyDelete
$500.00 $250.00 W $750.00
$750.00 $375.00 L $375.00
$375.00 $187.50 W $562.50
$562.50 $281.25 L $281.25
$281.25 $140.63 W $421.88
$421.88 $210.94 L $210.94
$210.94 $105.47 W $316.41
$316.41 $158.20 L $158.20
$158.20 $79.10 W $237.30