# Math Help - simple algebra problem

1. ## simple algebra problem

A gambler loses a wager and then loses "double or nothing" (meaning the gambler owes twice as much) twice more. After the three losses, the gambler's assets are -$20. Explain how much the gambler originally bet and how the$20 debt occurred.

2. Originally Posted by renmail2000
A gambler loses a wager and then loses "double or nothing" (meaning the gambler owes twice as much) twice more. After the three losses, the gambler's assets are -$20. Explain how much the gambler originally bet and how the$20 debt occurred.
Gambler starts with \$x. Assets after three losses are x - x - 2x - 2x = -4x. Solve -20 = -4x .....

The explanation for the debt should be obvious.

3. ## simple algebra problem

Excellent explanation to my question. Thank you very much from renmail2000.