Double Or Nothing Odds

Double Or Nothing Odds Rating: 9,9/10 8895 votes

Double or Nothing is pretty hard to get. I've hit 5 in a row several times. Sadly there is no true strategy that can work independent of the odds, meaning consistent wins. If this were using 2. Then put in an order to lay it at precisely HALF the odds you backed it at and for double the amount you backed it at. Then if this is matched in-play you will have a green book equal to the amount of the stake you initially went in with and you will have doubled your money. If not then you get nothing, hence the name of the strategy!

How it works

Odds

In the game Double or Nothing, we have 3 cards:

  • One with a plus on both sides
  • One with a minus on both sides
Double or nothing 2020 betting oddsDouble Or Nothing Odds

Double Or Nothing Odds

  • One with a plus on one side and a minus on the other side

We put the 3 cards in a bag, and then we draw one at random. If the side facing up has a plus, we get +1 point. If the side facing up has a minus, we get –1 point.

For example, imagine we draw a card from the bag and the side facing up has a plus. We have +1 points for the round so far. Now we have a choice to make: We can either put the card back in the bag without looking at the other side, or we can flip the card over and get the points on the other side before putting the card back in the bag.

  • If we put the card back in the bag, then we get +1 point total for this round.
  • If we flip the card over, then:
  • If the other side has a plus, we get another +1 point, so we get +2 points total for this round.
  • But if the back has a minus, we get –1 point, which cancels out the +1 point from the front, and we get 0 points for this round.

What should your strategy be if you want to maximize your score?

In this activity, students start by playing Double or Nothing. They then investigate the chances of getting a plus or a minus when they flip the card over, and discover some surprising results. Students use these results to inform their strategy for playing Double or Nothing, and then explore why the chances come out the way they do. Students can also explore what happens when the distribution of cards in the bag changes!

Double or nothing 2020 betting odds

What Does It Mean To Bet Double Or Nothing

Why we like this activity

  • It’s fun! Students enjoy playing the game and figuring out the strategy.

Aew Double Or Nothing Odds

  • It helps students develop probabilistic and statistical reasoning.
Double Or Nothing Odds
  • It requires students to engage in mathematical habits of mind:
  • Making observations / making and testing predictions when investigating the odds.
  • Finding and using strategies based on the odds to maximize your score.

Aew Double Or Nothing 2020 Betting Odds

  • It has a low floor and a high ceiling: It's easy for students to get started playing the game, but finding an optimal strategy is more challenging, and there’s lots to explore about the relationship between the distribution of cards in the bag and the probabilities!
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