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The stake after one pair of flips: S - the stake after one pair of flips b - the cheap forex india fraction P - the payoff from winning - 2:1 S 0 - the stake before the pair of flips (1 bP) - the effect of the winning flip (1 - b) - the effect of the losing flip So the effective return, R, of one pair of flips is: R 1 - b bP - b 2 P R 1 b(P-1) - b 2 P Note how for small values of b, R increases centeded b(P-1) and how for large values of b, R decreases with b 2 Price vs.

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