A bet gives 50% chance of winning 200U\$ and 50% chance of losing 100U\$. I understand that the expected value after having played 200 rounds of the same bet independently is 10.000U\$=(50%*200-50%*100U\$)*200. However, I do not know how to calculate the probabilities of : 1) The total winning is indeed 10.000U\$ 2) There is no winning at the end of the 200 rounds 3) The final outcome is a loss of 2000U\$ Thanks for explaining how the calculations of the probabilies of those outcome work. Thanks in advance
Probability that successive bets bring a positive outcome
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