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mingus33
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betting on World Series -----
my bookie wont take a bet on the world Series, but he will take a bet on any individual game. the odds are even money, i want to win or lose $1,000 - how do i bet each game to achieve my result? 
WHiskey Tango Foxtrot nailed it - his numbers are to win or lose $2,000 but use 1000*1/15 etc in his solution instead.
To restate the problem more clearly, i want to win $1,000 if team A wins the series but i cant bet on the series, i have to bet on individual games to achieve a result of winning or losing $1,000.
thanks
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| « Last Edit: Sep 21st, 2006, 2:55pm by mingus33 » |
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towr
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Re: betting
« Reply #1 on: Sep 21st, 2006, 12:32am » |
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Bet 1000 on the last game..?
I don't know anything about the world series, so there's too little information for anything else.
(And I don't feel like digging up the other thread at the moment)
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Whiskey Tango Foxtrot
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Re: betting
« Reply #2 on: Sep 21st, 2006, 6:47am » |
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I'll help you out, Icarus. I've been doing a little better with the search function lately.
mingus, check http://www.ocf.berkeley.edu/~wwu/cgi-bin/yabb/YaBB.cgi?board=riddles_med ium;action=display;num=1035965274;start=11#11
Wow, that is a monster of a link.
If you intended for us to solve the riddle in a different way, make your question more specific. For example, what would your bets be if you wanted to gain or lose exactly $1,000?
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| « Last Edit: Sep 21st, 2006, 6:50am by Whiskey Tango Foxtrot » |
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"I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
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towr
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Re: betting
« Reply #3 on: Sep 21st, 2006, 8:36am » |
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on Sep 21st, 2006, 6:47am, Whiskey Tango Foxtrot wrote:| I'll help you out, Icarus. |
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Not that I mind being mistaken for Icarus, but that's the second time now 
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Sameer
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Re: betting
« Reply #4 on: Sep 21st, 2006, 1:25pm » |
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on Sep 21st, 2006, 8:36am, towr wrote:
Not that I mind being mistaken for Icarus, but that's the second time now |
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This was funny.  Maybe we should make a forum bloopers thread 
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Deedlit
Senior Riddler
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Re: betting
« Reply #5 on: Sep 21st, 2006, 5:19pm » |
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I'm not sure what's special about Vivek's solution - sure, it gives you at least $1000 dollars if team A wins, but there are infinitely many ways to do that. If you want to win exactly $1000 if team A wins, SWF's solution works. It's the only one where you win exactly $1000 if your team wins and lose exactly $1000 when your team loses.
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| « Last Edit: Sep 21st, 2006, 5:21pm by Deedlit » |
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Whiskey Tango Foxtrot
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Re: betting
« Reply #6 on: Sep 21st, 2006, 8:38pm » |
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Whoops, sorry towr. Both of your names are green, so... you know all you green people look alike to us.
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"I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
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SMQ
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Re: betting
« Reply #7 on: Sep 22nd, 2006, 4:44am » |
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on Sep 21st, 2006, 8:36am, towr wrote:| Not that I mind being mistaken for Icarus, but that's the second time now |
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Like WTF pointed out, you're both often-posting five-green-star uperpuzzler moderators with no personalized picture, so on a quick glance it's an easy mistake -- one I've almost made many times myself.
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towr
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Re: betting
« Reply #8 on: Sep 22nd, 2006, 1:05pm » |
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on Sep 22nd, 2006, 4:44am, SMQ wrote:| Like WTF pointed out, you're both often-posting five-green-star uperpuzzler moderators with no personalized picture |
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Actually, Icarus does have a picture: 
But it's not a big attention grabber; I had to look it up to be sure it was there
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| « Last Edit: Sep 22nd, 2006, 1:11pm by towr » |
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Sameer
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Re: betting
« Reply #9 on: Sep 23rd, 2006, 1:10am » |
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on Sep 22nd, 2006, 1:05pm, towr wrote:
Actually, Icarus does have a picture:
But it's not a big attention grabber; |
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It would if you were tweety!! 
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"Obvious" is the most dangerous word in mathematics.
--Bell, Eric Temple
Proof is an idol before which the mathematician tortures himself.
Sir Arthur Eddington, quoted in Bridges to Infinity
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mingus33
Newbie
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Re: betting
« Reply #10 on: Jan 15th, 2007, 12:14pm » |
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so far none of you geniuses have correctly solved this riddle. I was incorect in stating WHiskey Tango solved it - his solution is incorrect. 
you can bet on any, none or all the games, you must win at least $1,000 if your team wins, and lose no more than $1,000 if your team loses.
good luck
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rmsgrey
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Re: betting
« Reply #12 on: Jan 15th, 2007, 12:52pm » |
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on Jan 15th, 2007, 12:14pm, mingus33 wrote:so far none of you geniuses have correctly solved this riddle. I was incorect in stating WHiskey Tango solved it - his solution is incorrect.
you can bet on any, none or all the games, you must win at least $1,000 if your team wins, and lose no more than $1,000 if your team loses.
good luck |
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Some of us "geniuses" don't know enough about "the" World Series to understand the question.
Under what conditions does "my" team win? lose? are draws possible?
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towr
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Re: betting
« Reply #13 on: Jan 15th, 2007, 12:52pm » |
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?
What's wrong about the solutions in the thread WTF linked to?
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| « Last Edit: Jan 15th, 2007, 12:53pm by towr » |
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SMQ
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Re: betting
« Reply #14 on: Jan 15th, 2007, 1:36pm » |
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on Jan 15th, 2007, 12:52pm, rmsgrey wrote:| Some of us "geniuses" don't know enough about "the" World Series to understand the question. |
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I'll assume that "the" World Series referred to is the World Series of Major League Baseball here in the 'states. In that case, it's a simple best-four-of-seven series (terminated when either team has won a total of four games, so anywhere from four to seven games may be played) with no ties possible.
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SMQ
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Re: betting
« Reply #15 on: Jan 15th, 2007, 1:47pm » |
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on Jan 15th, 2007, 12:52pm, towr wrote:| What's wrong about the solutions in the thread WTF linked to? |
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There's a typo in alan's solution in that it should read "0-3 500 0 250 250", but otherwise it appears correct, unless mingus33 is looking for a strategy when all bets must be placed before hand (e.g. $300 on game 1, $500 on game 2, etc.) (and, presumably, bets on games not played would be refunded?
--SMQ
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