James Bond is caught up in a mysterious scenario where the evil villain has him blindfolded. He somehow breaks through the handcuffs but is unable to get the blindfold off. Upon searching, he comes across a bow and 3 arrows. He can hear the villain speak, and thus tries to take a shot at him. He launches the first arrow, it misses the villain. He then launches the second arrow and it misses by a greater margin.
What is the probability that this third shot our James bond takes will be worse than the second shot?
Two friends were betting. One said to the other, "The coin will be flipped twenty times and each time the coin lands on the head, I will give you $2 and each time it lands on the tale, you will give me $3." After flipping the coin twenty times not a single penny was exchanged among them.