Fair mid on a dice product that voids on doubles
You quote a two-sided market on the product of two independent fair six-sided dice (a roll of 3 and 4 settles at 12) - but with a twist: if the two dice come up equal (a double), the contract voids and settles at 0. Where is the fair mid (to two decimals)?
Show hints (2)+
- Start from the plain (sum ), then remove the six doubles.
- The voided doubles still happen and settle at , so keep them in the -outcome denominator.
Answer
Reveal answer →Final answer
9.72 (± 0.01)
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Asked at: Timed Mental-Math & Sequences, Game-Based Aptitude