Word Length, Bias and Bijections in Penney's Ante

Matthew Drexel¹ ; Xuanshan Peng¹ ; Jacob Richey²

¹University of British Columbia
²Alfréd Rényi Institute of Mathematics

The electronic journal of combinatorics, Tome 32 (2025) no. 4

Résumé

Fix two words over the binary alphabet $\{0,1\}$, and generate iid Bernoulli$(p)$ bits until one of the words occurs in sequence. This setup, commonly known as Penney's ante, was popularized by Conway, who found (in unpublished work) a simple formula for the probability that a given word occurs first. We study these 'win' probabilities in Penney's ante from an analytic and combinatorial perspective, building on previous results for the case $p = \frac{1}{2}$ and words of the same length. For words of arbitrary lengths, our results bound how large the win probability can be for the longer word. When $p = \frac{1}{2}$ we characterize when a longer word can be statistically favorable, and for $p \neq \frac{1}{2}$ we present a conjecture describing the optimal pairs, which is supported by computer computations. Additionally, we find that Penney's ante often exhibits symmetry under the transformation $p \to 1-p$. We construct new explicit bijections that account for these symmetries, under conditions that can be easily verified by examining auto- and cross-correlations of the words.

Détail

DOI : 10.37236/13609