The game: You have n dollars and a fair coin. The coin is tossed m times. When it comes up heads you lose one dollar, when tails you win one dollar.
My question: How do we calculate the probability that you will lose your money within some given number of flips?
(Edit: I made the payoffs equal in size to simplify a little: -1 for losing and +1 for winning)


LinkBack URL
About LinkBacks