Bold Betting Strategy
Suppose you have 3 tokens for a betting game, and your goal is to increase your fortune to 5 tokens before running out. You devise a bold strategy where, on every turn, you bet as many tokens as possible against the house, but not more than necessary to reach 5 tokens. You always have a probability of 1/3 to win the bet.
- If you bet X tokens and lose, you lose the X tokens.
- If you win, the house adds X tokens to your balance.
- Example: if you have 2 tokens and you bet both of them, and you win, then your balance increased to 2 + 2 = 4 tokens. Compute the probability that you reach 5 tokens before running out.
Answer format: round to 3 decimal places.
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