Ron and Kenneth decide to gamble. Four aces are taken from an ordinary deck of cards. The four aces are placed faced down and Kenneth is to flip 2 over cards. If both aces are of the same colour Kenneth wins 50 dollars. If not Ron will win 50 dollars.
Kenneth disagrees to this wager and requested that he wins 100 if he flips 2 of the same colour.
Is this a fair bet?
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