June 1, 2011 | 2:07 pm | Derk

I originally posted a problem about a week ago here and an update with a hint here. If you haven’t read those, please do and give it a try before reading the solution.

Here’s a restatement of the problem:

You deposit $400 in an online casino and are given a $100 bonus immediately, so you have [...]

May 30, 2011 | 11:49 am | Derk

It’s been a few days since I first posted my puzzle. If you missed it, you can find it here. Aside from the comments there, there is also some discussion about it going on over at Poker VT which you can see here (no account needed). People have also talked to me [...]

Tags:

betting,

blackjack,

gambling theory,

game theory,

math,

puzzle Categories:

gambling,

math,

odds,

probability,

strategy,

variance
4 Comments »
May 27, 2011 | 9:01 pm | Derk

I saw a discussion the other day that reminded me of a problem I came up with and I posed it to a bunch of friends. None of them were able to get the right answer and reasoning, so I figured it would make a good blog post.

I originally thought of this [...]