Originally Posted by RS__ View Post
If I offerred you 1.5-to-1 on a fair coin flip, your $100 to my $150, for as long as you wanted.....I'm gonna take a wild stab in the dark and say you're going to want to flip the coin as quickly as possible. Sure, you might lose $50 after the first three flips, but you'd be a fool to suggest you'd continue to lose another $5,000 over the next 300 flips.
I love these coin flip questions. Of course there is no similar bet in a real casino.
How about a coin flip contest with an "edge" of 0.1-percent or 0.2-percent? Do you still want to put your $100K bankroll at work with that? (Hint: the current 6-months CD rate is above 1.5-percent.)