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Mathematics, 18.10.2019 21:10 johncena1001

An individual uses the following gambling system at las vegas. he bets $1 thatthe roulette wheel will come up red. if he wins, he quits. if he loses then he makesthe same bet a second time only this time he bets $2; and then regardless of theoutcome, quits. assuming that he has a probability of 12of winning each bet, whatis the probability that he goes home a winner? why is this system not used byeveryone?

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