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        riddles >> hard >> betting
        
(Message started by: mingus33 on Sep 20^th, 2006, 11:46pm)

Title: betting
Post by mingus33 on Sep 20^th, 2006, 11:46pm

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

Title: Re: betting
Post by towr on Sep 21^st, 2006, 12:32am

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)

Title: Re: betting
Post by Whiskey Tango Foxtrot on Sep 21^st, 2006, 6:47am

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_medium;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?

Title: Re: betting
Post by towr on Sep 21^st, 2006, 8:36am

on 09/21/06 at 06:47:09, Whiskey Tango Foxtrot wrote:

I'll help you out, Icarus.

Not that I mind being mistaken for Icarus, but that's the second time now ::)

Title: Re: betting
Post by Sameer on Sep 21^st, 2006, 1:25pm

on 09/21/06 at 08:36:19, towr wrote:

Not that I mind being mistaken for Icarus, but that's the second time now ::)

This was funny. ;D Maybe we should make a forum bloopers thread ;)

Title: Re: betting
Post by Deedlit on Sep 21^st, 2006, 5:19pm

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.

Title: Re: betting
Post by Whiskey Tango Foxtrot on Sep 21^st, 2006, 8:38pm

Whoops, sorry towr. Both of your names are green, so... you know all you green people look alike to us.

Title: Re: betting
Post by SMQ on Sep 22^nd, 2006, 4:44am

on 09/21/06 at 08:36:19, towr wrote:

Not that I mind being mistaken for Icarus, but that's the second time now ::)

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.

--SMQ

Title: Re: betting
Post by towr on Sep 22^nd, 2006, 1:05pm

on 09/22/06 at 04:44:22, SMQ wrote:

Like WTF pointed out, you're both often-posting five-green-star uperpuzzler moderators with no personalized picture

Actually, Icarus does have a picture: http://www.ocf.berkeley.edu/~wwu/YaBBImages/avatars/sylvester.gif
But it's not a big attention grabber; I had to look it up to be sure it was there ::)

Title: Re: betting
Post by Sameer on Sep 23^rd, 2006, 1:10am

on 09/22/06 at 13:05:26, towr wrote:

Actually, Icarus does have a picture: http://www.ocf.berkeley.edu/~wwu/YaBBImages/avatars/sylvester.gif
But it's not a big attention grabber;

It would if you were tweety!! http://www.nonstick.com/sounds/Tweety.gif
;D

Title: Re: betting
Post by mingus33 on Jan 15^th, 2007, 12:14pm

so far none of you geniuses have correctly solved this riddle. I was incorect in stating WHiskey Tango solved it - his solution is incorrect. :P

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

Title: Re: betting
Post by denis on Jan 15^th, 2007, 12:49pm

Look at Alan's solution in the thread below
http://www.ocf.berkeley.edu/~wwu/cgi-bin/yabb/YaBB.cgi?board=riddles_medium;action=display;num=1035965274;start=11#11

It seems to work when starting with $2,000 to win $2,000 if your team wins the series or lose $2,000 if your team looses the series while betting on just individual games. It can be easily adjusted for a $1,000 starting amount to win or lose as per your preference.

Title: Re: betting
Post by rmsgrey on Jan 15^th, 2007, 12:52pm

on 01/15/07 at 12:14:05, mingus33 wrote:

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?

Title: Re: betting
Post by towr on Jan 15^th, 2007, 12:52pm

?
What's wrong about the solutions in the thread WTF linked to?

Title: Re: betting
Post by SMQ on Jan 15^th, 2007, 1:36pm

on 01/15/07 at 12:52:06, rmsgrey wrote:

Some of us "geniuses" don't know enough about "the" World Series to understand the question.

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.

--SMQ

Title: Re: betting
Post by SMQ on Jan 15^th, 2007, 1:47pm

on 01/15/07 at 12:52:44, towr wrote:

What's wrong about the solutions in the thread WTF linked to?

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