You may bet that the coin is Tails at 2:3 odds. That is: if you bet 200$ and the coin is indeed Tails you win 300$. The bet will be resolved on Wednesday, after the experiment has ended.
I think the second sentence should be: “That is: if you bet 300$ and the coin is indeed Tails you win 200$.”
Oh, good point! I’m not sure if the intent was “pays 1:2, meaning you end up with +300 or −200 total” or “pays 2:3, which indeed means a $300 bet ends with +500 or −300).
I think the second sentence should be: “That is: if you bet 300$ and the coin is indeed Tails you win 200$.”
Oh, good point! I’m not sure if the intent was “pays 1:2, meaning you end up with +300 or −200 total” or “pays 2:3, which indeed means a $300 bet ends with +500 or −300).
I wasn’t sure either, but looked at the previous post to check which one is intended.
Yes, you are correct, thanks!