{"id":1255,"date":"2016-11-26T19:31:55","date_gmt":"2016-11-26T10:31:55","guid":{"rendered":"http:\/\/balldiamondball.com\/blog\/?p=1255"},"modified":"2017-07-06T17:46:30","modified_gmt":"2017-07-06T08:46:30","slug":"guesses-and-bets","status":"publish","type":"post","link":"https:\/\/balldiamondball.com\/blog\/guesses-and-bets\/","title":{"rendered":"Guesses and Bets"},"content":{"rendered":"

For some reason, you must enter an even wager for $1 — win or lose — on one of two outcomes, but there’s a twist: Instead of a fifty-fifty choice like a coin toss, or picking 1-3 or 4-6, this one is pretty easy. \u00a0Using a fair die (not crooked or “funny” in any way), you can bet that it will show 1,2,3, or 4 on the one hand, or you can bet that it will show 5 or 6 on the other. \u00a0Those are your choices — 1-4, or 5-6. \u00a0You know that if you had to do this a hundred times, you would come out money ahead by standing on 1-4, as this will win two times of three.<\/p>\n

However, you only have one swing at this. \u00a0Probably you will still choose 1-4. \u00a0If you disagree, please let me know why. \u00a0Assuming that you choose 1-4, there are only two outcomes. \u00a0Obviously if you win with 1-4, you have chosen correctly. \u00a0However, if you lose, because in your only throw, the die came up 5-6 — were you wrong?<\/p>\n

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For some reason, you must enter an even wager for $1 — win or lose — on one of two outcomes, but there’s a twist: Instead of a fifty-fifty choice like a coin toss, or picking 1-3 or 4-6, this one is pretty easy. \u00a0Using a fair die (not crooked or “funny” in any way), you can bet that it will show 1,2,3, or 4 on the one hand, or you can bet that it will show 5 or 6 on the other. \u00a0Those are your choices — 1-4, or 5-6. \u00a0You know that if you had to do this a hundred times, you would come out money ahead by standing on 1-4, as this will win two times of three.<\/p>\n

However, you only have one swing at … Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1255","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/balldiamondball.com\/blog\/wp-json\/wp\/v2\/posts\/1255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balldiamondball.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/balldiamondball.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/balldiamondball.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/balldiamondball.com\/blog\/wp-json\/wp\/v2\/comments?post=1255"}],"version-history":[{"count":3,"href":"https:\/\/balldiamondball.com\/blog\/wp-json\/wp\/v2\/posts\/1255\/revisions"}],"predecessor-version":[{"id":1269,"href":"https:\/\/balldiamondball.com\/blog\/wp-json\/wp\/v2\/posts\/1255\/revisions\/1269"}],"wp:attachment":[{"href":"https:\/\/balldiamondball.com\/blog\/wp-json\/wp\/v2\/media?parent=1255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/balldiamondball.com\/blog\/wp-json\/wp\/v2\/categories?post=1255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/balldiamondball.com\/blog\/wp-json\/wp\/v2\/tags?post=1255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}