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Subfair discounted red-and-black game with a house limit

Published online by Cambridge University Press:  14 July 2016

Robert Chen*
Affiliation:
University of Miami

Abstract

A subfair discounted red-and-black game with a house limit is introduced and the optimality of the modified bold strategy is shown.

Type
Short Communications
Copyright
Copyright © Applied Probability Trust 1976 

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References

[1] Dubins, L. E. and Savage, L. J. (1965) How To Gamble If You Must: Inequalities for Stochastic Processes. McGraw-Hill, New York.Google Scholar
[2] Wilkins, J. E. (1972) The bold strategy in presence of house limit. Proc. Amer. Math. Soc. 32, 567570.Google Scholar