A gambling book recommends the following "winnin strategy" for the game of roulette:
It recommends that the gambler bet $1 on red. If red appears (this has probability
18/38), then the gambler should take her $1 profit and quit. Else, she should make
additional $1 bets on red on each of the next two spins of the roulette wheel, and then
quit. Let X denote the gambler's winnings when she quits.
(a) Find P{X > 0}.
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Home » Mathematics » A gambling book recommends the following "winnin strategy" for the game of roulette: It recommends that the gambler bet $1 on red. If red appears (this has probability 18/38), then the gambler should take her $1 profit and quit.