Alice and Bob play the following game:
A fair coin is tossed repeatedly until they get a consecutive sequence of Heads-Heads or Heads-Tail.
Alice wins if a sequence Heads-Heads shows first.
Bob wins if a sequence Heads-Tails shows first.
Who is more likely to win this game?
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Assume the first H occurs on the n th flip.
If flip n + 1 is a H, Alice wins, and if it is a T, Bob wins. Since H and T are equally likely to occur on flip n + 1 and it is independent of all past flips, the two are equally likely to win.