Win or lose

Half-hearted Betting Major Watson, despite being short of the readies, was feeling in a good mood, so he decided to gamble with his friend Butterworth on the toss of a coin. Starting with just £1, he bet six times, each time wagering half the money he had at the time. If he won three times and lost three times, how much did he win or lose in the end?

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He lost. He lost his £1 or 58 pence to the nearest penny.

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