Originally posted on 02/16/2012:

using math, #1 would be the smartest option by far, unless you knew you couldn't replenish your bankroll AND you knew you could continue to find +ev bets in the future.

BUT using street smarts, i would take none of those bets. because the odds you are lying to me about the fairness of the coin are greater than the odds of you giving me +120 on a fair coin flip.