Jump to content
BrainDen.com - Brain Teasers
  • 0

A gambling problem



3 answers to this question

Recommended Posts

  • 0
6 hours ago, bonanova said:
  1. What is his initial bet (stake)?
  2. Did you mean to say "Every time he wins, he raises his stake by 1/4 of his bankroll"?

His initial bet is $1250.  Every time he wins, he calculates his total and takes 1/4 of it to bet.  So initially he has 5000, 5000 x .25 = 1250.  If he were to win, he would earn double his bet so he would have $6250.  Recalculating he would bet $1562.50.  If he loses his bet he would maintain that amount in his next bet.  He keeps at it until he is unable to make his desired bet.

Edited by BMAD
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Create New...