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.

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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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