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Found problems: 1

2008 VJIMC, Problem 4
Tags: combinatorics , probability , game , gambler ruin , probability games , probability combinatorics
We consider the following game for one person. The aim of the player is to reach a fixed capital $C>2$. The player begins with capital $0<x_0<C$. In each turn let $x$ be the player’s current capital. Define $s(x)$ as follows: $$s(x):=\begin{cases}x&\text{if }x<1\\C-x&\text{if }C-x<1\\1&\text{otherwise.}\end{cases}$$Then a fair coin is tossed and the player’s capital either increases or decreases by $s(x)$, each with probability $\frac12$. Find the probability that in a finite number of turns the player wins by reaching the capital $C$.