Which is maximised when f = 0.5
I calculate f = 5⁄8, not 1⁄2.
Never mind, for some reason I thought you were being offered a 2:1 payout as well as lopsided odds; that doesn’t appear to be the case.
I calculate f = 5⁄8, not 1⁄2.
Never mind, for some reason I thought you were being offered a 2:1 payout as well as lopsided odds; that doesn’t appear to be the case.