A proof that HT is more likely to outnumber HH than vice versa in a sequence of n coin flips

Abstract

Consider the following probability puzzle: A fair coin is flipped n times. For each HT in the resulting sequence, Bob gets a point, and for each HH Alice gets a point. Who is more likely to win? We provide a proof that Bob wins more often for every n>=3. As a byproduct, we derive the asymptotic form of the difference in win probabilities, and obtain an efficient algorithms for their calculation.