English

Optimizing stakes in simultaneous bets

Probability 2020-09-21 v4

Abstract

We want to find the convex combination SS of iid Bernoulli random variables that maximizes P(St)\textbf{P}(S\geq t) for a given threshold~tt. Cs\'oka conjectured that such an SS is an average if tpt\geq p, where pp is the success probability of the Bernoulli random variables. We prove this conjecture for a range of pp and tt.

Keywords

Cite

@article{arxiv.2002.06804,
  title  = {Optimizing stakes in simultaneous bets},
  author = {Robbert Fokkink and Ludolf Meester and Christos Pelekis},
  journal= {arXiv preprint arXiv:2002.06804},
  year   = {2020}
}
R2 v1 2026-06-23T13:43:35.708Z