Matthew Casertano and Fox Chyatte make a series of bets. In each bet, Matthew sets the stake (the amount he wins or loses) at half his current amount of money. He has an equal chance of winning and losing each bet. If he starts with $256, find the probability that after 8 bets, he will have at least $50.
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Home » Mathematics » Matthew Casertano and Fox Chyatte make a series of bets. In each bet, Matthew sets the stake (the amount he wins or loses) at half his current amount of money. He has an equal chance of winning and losing each bet.