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  • https://stats.libretexts.org/Bookshelves/Probability_Theory/Probability_Mathematical_Statistics_and_Stochastic_Processes_(Siegrist)/13%3A_Games_of_Chance/13.10%3A_Bold_Play
    This representation is unique except when x is a binary rational (sometimes also called a dyadic rational), that is, a number of the form k/2n where n\N+ and \(k \in \{1, 3, \ldot...This representation is unique except when x is a binary rational (sometimes also called a dyadic rational), that is, a number of the form k/2n where n\N+ and k{1,3,,2n1}; the positive integer n is called the rank of x. Thus, for p=12 (fair trials), the probability that the bold gambler reaches the target fortune a starting from the initial fortune x is x/a, just as it is for the timid gambler.

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