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Math Help - Probability Question- could be simple/could be hard??

  1. #1
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    Probability Question- could be simple/could be hard??

    Suppose you have an initial balance of 50 and play 10 stakes on a coin- heads you win ( and gain 10) / tails you lose. What is the probability of doubling your initial balance assuming you play as long as you need to? Or indeed the probability of losing the balance?
    How does the stake size affect the probabilities? What if you played at 5 will it make any difference? And what if i went for a target of 150


    Also generalising, balance of B
    Stake size - s
    target - T ( 2xB or 3xB etc)
    p= probability of a win on one trial?

    Anyone got any ideas? Its either really simple or really complicated??
    Many Thanks
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  2. #2
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    Quote Originally Posted by rodders View Post
    Suppose you have an initial balance of 50 and play 10 stakes on a coin- heads you win ( and gain 10) / tails you lose. What is the probability of doubling your initial balance assuming you play as long as you need to? Or indeed the probability of losing the balance?
    How does the stake size affect the probabilities? What if you played at 5 will it make any difference? And what if i went for a target of 150


    Also generalising, balance of B
    Stake size - s
    target - T ( 2xB or 3xB etc)
    p= probability of a win on one trial?

    Anyone got any ideas? Its either really simple or really complicated??
    Many Thanks
    You might want to read up on Gambler Ruin problem - such questions are covered there
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