This is a question I saw as an interview question, that I cannot figure out.
Devise a method for betting on the individual games of a basketball series so that if your team wins the series, you win \$100, and if they lose the series, you lose \$100.
Series' are 7 games, and the first team to win 4 games wins the series (so a team could win after 4,5,6, or 7 games). The problem is, how do we devise a strategy for individual games, so that no matter the sequence of games, you get a predictable amount at the end? I cannot think of anything...