Coin Toss : How much is worth solution for EV+ BET at unbiased coin toss [on hold]

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I just recently discoved there are huge reward for unsolved math problems(some worth mill).. I am a bit curious...



Is there some kind of reward(unsolved problem or something like this) about making EV+ bet with coin toss?
Asumming there is no rake(or house edge) and we do not have infinitive amount of money(at this game)? If not, is there some similar unsolved problem? For example: Turning serious of EV0 bets, into EV+ bet?



I am just curious...:D..Thank you for answers..




probability




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put on hold as off-topic by José Carlos Santos, Theoretical Economist, drhab, Tyrone, Xander Henderson 16 hours ago


This question appears to be off-topic. The users who voted to close gave this specific reason:


  • "This question is not about mathematics, within the scope defined in the help center." – José Carlos Santos, Theoretical Economist, drhab, Tyrone
If this question can be reworded to fit the rules in the help center, please edit the question.












  • The only way to win on a coin-toss is to start by betting $1$ and double the stake every time you lose, finally winning just $1$ when you win. You might win a few rounds but in the long term this strategy will break your bank. I wasted a $pi$th of my life looking at run lengths etc. of coin tosses. If there is a prize, is it just grandstanding?
    – Weather Vane
    2 days ago










  • The main thing that causes this strategy to fail is house limits on a bet. That is, a typical limit of $1000 will break your bank with a run of 11 losses (p = .0005)
    – Phil H
    yesterday











  • Hi, Weather Vane and Phil H. I am a bit new here, so I do not know what all the buttons do, so I write reply here. Thank you for answers. I am still curious what is reward for making EV+ bet at coin toss(if there is any)? Offcourse assuming we have upper limit and offcourse with odds 2.
    – hyper91
    yesterday











  • I noticed your comment by accident. If you want to direct a comment please use @PhilH like this (only one is allowed per comment). What does EV mean?
    – Weather Vane
    22 hours ago











  • @Weather Vane EV = expected value.
    – Phil H
    21 hours ago














up vote
0
down vote

favorite












I just recently discoved there are huge reward for unsolved math problems(some worth mill).. I am a bit curious...



Is there some kind of reward(unsolved problem or something like this) about making EV+ bet with coin toss?
Asumming there is no rake(or house edge) and we do not have infinitive amount of money(at this game)? If not, is there some similar unsolved problem? For example: Turning serious of EV0 bets, into EV+ bet?



I am just curious...:D..Thank you for answers..




probability




share|cite|improve this question











put on hold as off-topic by José Carlos Santos, Theoretical Economist, drhab, Tyrone, Xander Henderson 16 hours ago


This question appears to be off-topic. The users who voted to close gave this specific reason:


  • "This question is not about mathematics, within the scope defined in the help center." – José Carlos Santos, Theoretical Economist, drhab, Tyrone
If this question can be reworded to fit the rules in the help center, please edit the question.












  • The only way to win on a coin-toss is to start by betting $1$ and double the stake every time you lose, finally winning just $1$ when you win. You might win a few rounds but in the long term this strategy will break your bank. I wasted a $pi$th of my life looking at run lengths etc. of coin tosses. If there is a prize, is it just grandstanding?
    – Weather Vane
    2 days ago










  • The main thing that causes this strategy to fail is house limits on a bet. That is, a typical limit of $1000 will break your bank with a run of 11 losses (p = .0005)
    – Phil H
    yesterday











  • Hi, Weather Vane and Phil H. I am a bit new here, so I do not know what all the buttons do, so I write reply here. Thank you for answers. I am still curious what is reward for making EV+ bet at coin toss(if there is any)? Offcourse assuming we have upper limit and offcourse with odds 2.
    – hyper91
    yesterday











  • I noticed your comment by accident. If you want to direct a comment please use @PhilH like this (only one is allowed per comment). What does EV mean?
    – Weather Vane
    22 hours ago











  • @Weather Vane EV = expected value.
    – Phil H
    21 hours ago












up vote
0
down vote

favorite









up vote
0
down vote

favorite











I just recently discoved there are huge reward for unsolved math problems(some worth mill).. I am a bit curious...



Is there some kind of reward(unsolved problem or something like this) about making EV+ bet with coin toss?
Asumming there is no rake(or house edge) and we do not have infinitive amount of money(at this game)? If not, is there some similar unsolved problem? For example: Turning serious of EV0 bets, into EV+ bet?



I am just curious...:D..Thank you for answers..




probability




share|cite|improve this question











I just recently discoved there are huge reward for unsolved math problems(some worth mill).. I am a bit curious...



Is there some kind of reward(unsolved problem or something like this) about making EV+ bet with coin toss?
Asumming there is no rake(or house edge) and we do not have infinitive amount of money(at this game)? If not, is there some similar unsolved problem? For example: Turning serious of EV0 bets, into EV+ bet?



I am just curious...:D..Thank you for answers..





probability





share|cite|improve this question










share|cite|improve this question




share|cite|improve this question









asked 2 days ago









hyper91

1




1




put on hold as off-topic by José Carlos Santos, Theoretical Economist, drhab, Tyrone, Xander Henderson 16 hours ago


This question appears to be off-topic. The users who voted to close gave this specific reason:


  • "This question is not about mathematics, within the scope defined in the help center." – José Carlos Santos, Theoretical Economist, drhab, Tyrone
If this question can be reworded to fit the rules in the help center, please edit the question.




put on hold as off-topic by José Carlos Santos, Theoretical Economist, drhab, Tyrone, Xander Henderson 16 hours ago


This question appears to be off-topic. The users who voted to close gave this specific reason:


  • "This question is not about mathematics, within the scope defined in the help center." – José Carlos Santos, Theoretical Economist, drhab, Tyrone
If this question can be reworded to fit the rules in the help center, please edit the question.











  • The only way to win on a coin-toss is to start by betting $1$ and double the stake every time you lose, finally winning just $1$ when you win. You might win a few rounds but in the long term this strategy will break your bank. I wasted a $pi$th of my life looking at run lengths etc. of coin tosses. If there is a prize, is it just grandstanding?
    – Weather Vane
    2 days ago










  • The main thing that causes this strategy to fail is house limits on a bet. That is, a typical limit of $1000 will break your bank with a run of 11 losses (p = .0005)
    – Phil H
    yesterday











  • Hi, Weather Vane and Phil H. I am a bit new here, so I do not know what all the buttons do, so I write reply here. Thank you for answers. I am still curious what is reward for making EV+ bet at coin toss(if there is any)? Offcourse assuming we have upper limit and offcourse with odds 2.
    – hyper91
    yesterday











  • I noticed your comment by accident. If you want to direct a comment please use @PhilH like this (only one is allowed per comment). What does EV mean?
    – Weather Vane
    22 hours ago











  • @Weather Vane EV = expected value.
    – Phil H
    21 hours ago
















  • The only way to win on a coin-toss is to start by betting $1$ and double the stake every time you lose, finally winning just $1$ when you win. You might win a few rounds but in the long term this strategy will break your bank. I wasted a $pi$th of my life looking at run lengths etc. of coin tosses. If there is a prize, is it just grandstanding?
    – Weather Vane
    2 days ago










  • The main thing that causes this strategy to fail is house limits on a bet. That is, a typical limit of $1000 will break your bank with a run of 11 losses (p = .0005)
    – Phil H
    yesterday











  • Hi, Weather Vane and Phil H. I am a bit new here, so I do not know what all the buttons do, so I write reply here. Thank you for answers. I am still curious what is reward for making EV+ bet at coin toss(if there is any)? Offcourse assuming we have upper limit and offcourse with odds 2.
    – hyper91
    yesterday











  • I noticed your comment by accident. If you want to direct a comment please use @PhilH like this (only one is allowed per comment). What does EV mean?
    – Weather Vane
    22 hours ago











  • @Weather Vane EV = expected value.
    – Phil H
    21 hours ago















The only way to win on a coin-toss is to start by betting $1$ and double the stake every time you lose, finally winning just $1$ when you win. You might win a few rounds but in the long term this strategy will break your bank. I wasted a $pi$th of my life looking at run lengths etc. of coin tosses. If there is a prize, is it just grandstanding?
– Weather Vane
2 days ago




The only way to win on a coin-toss is to start by betting $1$ and double the stake every time you lose, finally winning just $1$ when you win. You might win a few rounds but in the long term this strategy will break your bank. I wasted a $pi$th of my life looking at run lengths etc. of coin tosses. If there is a prize, is it just grandstanding?
– Weather Vane
2 days ago












The main thing that causes this strategy to fail is house limits on a bet. That is, a typical limit of $1000 will break your bank with a run of 11 losses (p = .0005)
– Phil H
yesterday





The main thing that causes this strategy to fail is house limits on a bet. That is, a typical limit of $1000 will break your bank with a run of 11 losses (p = .0005)
– Phil H
yesterday













Hi, Weather Vane and Phil H. I am a bit new here, so I do not know what all the buttons do, so I write reply here. Thank you for answers. I am still curious what is reward for making EV+ bet at coin toss(if there is any)? Offcourse assuming we have upper limit and offcourse with odds 2.
– hyper91
yesterday





Hi, Weather Vane and Phil H. I am a bit new here, so I do not know what all the buttons do, so I write reply here. Thank you for answers. I am still curious what is reward for making EV+ bet at coin toss(if there is any)? Offcourse assuming we have upper limit and offcourse with odds 2.
– hyper91
yesterday













I noticed your comment by accident. If you want to direct a comment please use @PhilH like this (only one is allowed per comment). What does EV mean?
– Weather Vane
22 hours ago





I noticed your comment by accident. If you want to direct a comment please use @PhilH like this (only one is allowed per comment). What does EV mean?
– Weather Vane
22 hours ago













@Weather Vane EV = expected value.
– Phil H
21 hours ago




@Weather Vane EV = expected value.
– Phil H
21 hours ago















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