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The Other End of the Galaxy's avatar

This is a variation of a problem I posed in the _American Mathematical Monthly_: https://www.jstor.org/stable/2589190

Robb T.Koether and John K. Osoinach, Jr. explored this further in "Outwitting the Lying Oracle" (_Mathematics Magazine_, 2005): https://www.maa.org/sites/default/files/pdf/upload_library/22/Allendoerfer/koether98.pdf

I like the problem I originally posed because, whenever your team wins one more game than it loses (and you're only allowed to bet on your team), you can exactly double your original bankroll. I've never seen an intuitive explanation for why this happens.

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Greg's avatar

For the main problem, after the first game the result of the second game is known, so you would reasonably bet all or nothing. For the extra credit, on the first game you bet x for some x. But then what can you bet on the second game? Only x again or all or nothing? Or an arbitrary amount y?

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