Abstract
Imagine yourself being blackmailed to pay 1.000.000 $ at five o’clock next morning. It is late evening, all banks are closed, your automatic bank account is empty. But you have 1 $ in your pocket, and a casino is open. So what will you do? You will try to win the 1.000.000 $ by gambling in that casino. And you will try to maximize the probability of your survival by a proper choice of your betting strategy.
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© 1992 Springer Basel AG
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Jacobs, K. (1992). Optimal Strategies in Casinoes: Red and Black. In: Discrete Stochastics. Birkhäuser, Basel. https://doi.org/10.1007/978-3-0348-8645-1_9
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DOI: https://doi.org/10.1007/978-3-0348-8645-1_9
Publisher Name: Birkhäuser, Basel
Print ISBN: 978-3-0348-9713-6
Online ISBN: 978-3-0348-8645-1
eBook Packages: Springer Book Archive