logical bob wrote:Surely the most likely option is that both of you die without having won it? Similarly, Pulsar's calculation includes a sum to infinity so doesn't account for human mortality. You'd need more information or more assumptions to work out a probability.
Let's not complicate things with such practical issues
Actually, the general problem, when it doesn't matter who wins three times, is decided after a finite number of draws: you need at most
2N-1 draws. Indeed, in the worst-case scenario, all of your
N-1 rivals will have won twice after
2N-2 draws; after one extra draw, one of them has won three times (or you've won).
So, a possible strategy would be this: the game is decided and stopped if either you've won (case A) or someone else has won three times (case B). If neither happens, the game is undecided (case C), and a new draw is needed.
Start with 1 draw, and calculate the odds for A
1, B
1 and C
1 (that's
1/N,
0, and
(N-1)/N respectively).
If C
1, draw again, and calculate the conditional odds for A
2, B
2 and C
2, given C
1.
If C
2, draw again...
Continue until you have reached
2N-1 draws.
The total probability that you win is then A
tot = A
1 + A
2 + ... + A
2N-1. The probability that someone else has won three times is B
tot = B
1 + B
2 + ... + B
2N-1. And A
tot + B
tot = 1.
This is pretty complicated, and it looks like a
partition problem.