A couple of pieces of good news: First, in this post will be the answer to the problem I gave called Flipping Quarters ; and second, I'll even work through the solution! We have to figure out the average amount of money that the man pays you, minus $5. To start out, let's forget about the money and look at the actual coin flipping. Since it's about as likely for the coin to give tails as it is to give heads, you would get heads 50% of the time. So on your 1st flip, there's a 50% chance you'll get heads - a 50% chance that you'll have to stop. What is the chance that you'll have to stop immediately after the 2nd flip? There's a 50% chance that you will actually get to the 2nd flip, and a 50% chance that you'll flip heads on it. Multiply those numbers, and you get 25%. Look at the diagram to the right if you don't understand. Now for the 3rd flip: there's a 25% chance there will be one (because you got tails on the 2nd flip), and a 50% chance y...