Assume someone offers you the following bet. She suggests that she and you toss two coins at a time. The possible outcomes would be 2 heads, 2 tales, or a heads and a tales. They suggest if two heads or two tales are tossed they win, but if one heads and one tales are tossed you win. They suggest that since you have one chance to win and they have two chances to win if you win they will pay you $1.00, but if they win you owe her 50 cents each time. She suggests that in the long run, you would be equal. Is she correct?

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The Answer of Assume someone offers you the following bet. She suggests that she and you toss two coins at a time. The possible outcomes would be 2 heads, 2 tales, or a heads and a tales. They suggest if two heads or two tales are tossed they win, but if one heads and one tales are tossed you win. They suggest that since you have one chance to win and they have two chances to win if you win they will pay you $1.00, but if they win you owe her 50 cents each time. She suggests that in the long run, you would be equal. Is she correct?

Assume Someone Offers You the Following Bet