Originally posted by Jarred
View Post
Timbo will be the house and give Rocket odds of, say, 2.5:1 on the basis Rocket is not allowed to switch (which he does not want to do as he thinks he has a 50/50 chance either way).
Rocket will accept these odds as he believe he has a 50% chance of winning if he does not switch and so believes at 2.5:1 he will come out in front.
Timbo will come out in front as Rocket will only win 33% of the time.
It would be amusing indeed if it were the prospect of losing real dollars that made the penny drop and Rocket realise his odds are stuck on 33% if he does not switch!
And if Rocket's chance is 33%, the house's chance (and the house sits on the card Rocket could have switched to) must be 67%.
QED.


Leave a comment: