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  • Get Rich or Get Broke

     Puzzle Prime updated 1 month, 1 week ago 2 Members · 3 Posts
  • Puzzle Prime

    Administrator
    October 23, 2020 at 10:55 am

    You start with $20 and keep betting $1. What is the probability that you will get broke before you win $50? What is the expected number of bets until one of these 2 events happens?

  • Vivek

    Member
    October 24, 2020 at 8:06 am

    For the first question, Is it 3/5 ? And May you explain the second question?

    • Puzzle Prime

      Administrator
      October 24, 2020 at 8:32 am

      That’s right, how did you get the number?

      For the second part, the question is what is the expected number of bets until you get to 0 or 50.

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