ye its 1/2
the probability of bob getting k heads is (n+1)Ck/2^(n+1) and he'll win if penny gets less than k heads.
say penny has the probability of P(k) doing that.
(aCb is a choose b)
the probabilty of bob getting (n+1)-k heads is (n+1)C(n+1-k)/2^(n+1) = (n+1)Ck/2^(n+1) and he'll win if penny gets n-k heads or less, in other words, k tails or more.
since the chance of getting k tails is equivalent, the chance of getting k tails or more is really, 1-P(k)
notice how (n+1)Ck/2^(n+1) * P(k) + (n+1)C(n+1-k)/2^(n+1) * (1-P(k)) = (n+1)Ck/2^(n+1) = (n+1)C(n+1-k)/2^(n+1)
therefore, chance of bob winnin:
sum(i = 0 to n+1) (n+1)Ci/2^(n+1) * P(i)
= 1/2 sum (n+1)Ci/2^(n+1)
= 2^(n+1)/2^(n+2)
= 1/2
ah oops, didnt c that post by oldman, ah well