Heads or Tails
Last update: December 7, 2005
Introduction
Heads or Tails is a game found at Internet casinos using Playtech software. The game can be found under the Arcade Games menu. This is without a doubt one of the easiest games I have ever analyzed.

Click on image for larger version.
Rules
The player chooses heads or tails and then bets on 1, 2, or 3 flips.
Analysis
The following table shows the probability of winning and expected return for the three available bets.
| Heads or Tails - Return Table |
| Bet |
Probability |
Pays |
Return |
| One flip | 0.5 | 1.9 | 0.95 |
| Two flips | 0.25 | 3.8 | 0.95 |
| Three flips | 0.125 | 7.5 | 0.9375 |
Disclaimer
I was hired by Playtech to help design all of their Arcade Games. I was given permission by Playtech to publish this analysis.
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