Re: The old coin-flip debate (long including quotes)
I just can't see how you can have an equal chance of finishing 2nd or 3rd. You would have to be more likely to finish 2nd.
Let's assume the one of the shortstacks is going to win. What are the chances that you finished 2nd? Well, you have 4000 and the other shortstack has 2000....so I'd say it's 67% (4000/6000) that you "win" 2nd place.
therefore...
33.33% * $30 = $10
16.67% * 20 = $3.33
So it's $38.33, not $37.50.
Did I just go through all that for 83 cents?
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