So, let’s make a bet. There are 100 balls in a bin, and 70 of them are red and the rest are blue. You cannot see the balls in the bin, and you should not replace them once they are drawn. I want you to bet £1,000 on each draw. For this, you will draw 10 balls from the bin each time. If you draw exactly seven red balls, I will give you £4,000, but if you have any other number, I will take your money. Do you take the bet?
