Remember your opponent has at least a pair of 10s. What cards could come up to make your hand better? What could come up to make your opponent’s hand better? Is there any way you could tie each other? Also look at the expected value of the game. If you fold, you are assured a loss of $24,000. Make sure this fact is used in your analysis.
Write a 1-2 page paper in which you:
1. Explain your strategy for solving the problem.
2. Explain why your strategy will work.
3. Execute your strategy showing your mathematical work.
4. Draw conclusions from your work.
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