Boardwalk Parity Bets
A boardwalk arcade stall runs a game built around a single fair six-sided die. Two wagers are on offer. Wager 1: put down $4 on the roll landing even; a winning ticket pays $6 back in total. Wager 2: put down $6 on the roll landing odd; a win returns $9 in total. You can buy as many tickets of either type as you like. If your goal is to maximize expected profit, what is the right amount to wager?
Answer
Sign in to track your progress.
