Notes on Red and Black

References

The authoritative book on red and black, and many other gambling models, is the classic Inequalities for Stochastic Processes (How to Gamble if You Must) by Dubbins and Savage. This book was the source for much of the theory in this module. A wonderful recent book on gambling models is Discrete Gambling and Stochastic Games by Sudderth and Maitra..

Acknowledgment

The graphs of the win probability function under bold play were generated by Marcus Pendergrass using Maple.

Red and Black