OK, so I can't stop thinking about this. I know I'm not smart enough to answer myself, so maybe someone out there can help me with the math or strategy (if there is one) @BlueMerle was kind enough to do this giveaway. https://www.pokerchipforum.com/threads/i-am-giving-away-free-beaver.86822/
Rules...
1. A random number between 1-100 is established.
2. To win you have to be the first to guess the random number between 1 and 100, and then game is over
3. Players make their guess one at a time.
Question, you have the option to choose when you make your guess. First or last or somewhere in the middle. What is best?
This was an amazing twist to a giveaway and did anyone else go down the rabbit hole of what is the optimum time to make a guess (I didn't comment on the OP bc I didn't need the chips. But I was puzzled at when I should guess if I was trying to win) If you guess first, you are guaranteed first crack at winning, but your odds are 1x100 or 1%. If you wait, and guess 20th, then your odds are 1.25%. If you wait to guess at fifty, your odds are doubled to 2%. But you risk the other 49 guesses coming up winners.
What is the math here? If any. And when would you make your guess if you had a choice? Lets say there is a million on the line...do you guess first? or 20th? or when is the best time to throw your hat in the ring???
I will giveaway two live vegas one dollar chips. Shipped free in CONUS. I'll leave this post up for 24 hours. Any comment will get you an entry into this drawing. But I'm really just looking for some good will hunting type answer to this. I won't be able to sleep at night if I don't do this.
Rules...
1. A random number between 1-100 is established.
2. To win you have to be the first to guess the random number between 1 and 100, and then game is over
3. Players make their guess one at a time.
Question, you have the option to choose when you make your guess. First or last or somewhere in the middle. What is best?
This was an amazing twist to a giveaway and did anyone else go down the rabbit hole of what is the optimum time to make a guess (I didn't comment on the OP bc I didn't need the chips. But I was puzzled at when I should guess if I was trying to win) If you guess first, you are guaranteed first crack at winning, but your odds are 1x100 or 1%. If you wait, and guess 20th, then your odds are 1.25%. If you wait to guess at fifty, your odds are doubled to 2%. But you risk the other 49 guesses coming up winners.
What is the math here? If any. And when would you make your guess if you had a choice? Lets say there is a million on the line...do you guess first? or 20th? or when is the best time to throw your hat in the ring???
I will giveaway two live vegas one dollar chips. Shipped free in CONUS. I'll leave this post up for 24 hours. Any comment will get you an entry into this drawing. But I'm really just looking for some good will hunting type answer to this. I won't be able to sleep at night if I don't do this.
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