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This is a dice game where the host throws the dice and the players bet on 3 numbers - numbers below 7, 7 and numbers above 7. On numbers below and above 7 the players get double their stake and on 7 the players get 5 times their stake. For example if i bet 100 bucks on "below" and 7 comes, I will lose, but if 6 comes, then i win 200 bucks. Similarly if someone has betted 100 bucks on 7 and if 7 comes, he wins 500 bucks.

What is the best way to bet in this game?

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    There are 2 dice. Sorry, missed that out.2011-02-13
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    though it's not completing germane to your particular problem, you might be interested in Dubins and Savage, *How to gamble if you must: Inequalities in stochastic processes*. There are also some introductory treatments online and a section in Billingsley about it. The basic strategy is often referred to as *bold play*.2011-02-13

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