HEADS OR TAILS.—solution

Crooks must have lost, and the longer he went on the more he would lose. In two tosses he would be left with three-quarters of his money, in four tosses with nine-sixteenths of his money, in six tosses with twenty-seven sixty-fourths of his money, and so on. The order of the wins and losses makes no difference, so long as their number is in the end equal.

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