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world series  aha:!

you have $10,000 dollars to place a double-or-nothing bet on the Yankees in the World Series (max 7 games, series is over once a team wins 4 games).

unfortunately, you can only bet on each individual game, not the series as a whole. how much should you bet on each game, so that, if the yanks win the whole series, you expect to get 20k, and if they lose, you expect 0?

basically, you know that there may be between 4 and 7 games, and you need to decide on a strategy so that whenever the series is over, your final outcome is the same as an overall double-or-nothing bet on the series.

solution: world series

 



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