Write a computer program that implements betting system

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Reference no: EM13970329

A fair coin is tossed repeatedly. Before each toss, you are allowed to decide whether to bet on the outcome. Can you describe a betting system with infinitely many bets which will enable you, in the long run, to win more than half of your bets? (Note that we are disallowing a betting system that says to bet until you are ahead, then quit.)

Write a computer program that implements this betting system. As stated above, your program must decide whether to bet on a particular outcome before that outcome is determined. For example, you might select only outcomes that come after there have been three tails in a row. See if you can get more than 50% heads by your "system."

Reference no: EM13970329

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