Don’t flip out

This week’s Fiddler is a probability question about a coin-flipping game.

Kyle and Julien are playing a game in which they each toss their own fair coins. On each turn of the game, both players flip their own coin once. If, at any point, Kyle’s most recent three flips are Tails, Tails, and Heads (i.e., TTH), then he wins. If, at any point, Julien’s most recent three flips are Tails, Tails, and Tails (i.e, TTT), then he wins.

However, both players can’t win at the same time. If Kyle gets TTH at the same time Julien gets TTT, then no one wins, and they continue flipping. They don’t start over completely or erase their history, mind you—they merely continue flipping, so that one of them could conceivably win in the next flip or two.

What is the probability that Kyle wins this game?

Extra Credit
Kyle and Julien write down all eight possible sequences for three coin flips (HHH, HHT, HTH, THH, HTT, THT, TTH, and TTT) on eight different slips of paper. They place these slips into a hat and shake it.

They will each randomly draw slips of paper out of the hat, at which point they will play the same game as previously described, but looking for the sequence specified on the slip of paper they each selected. Kyle draws first and looks at his slip of paper. After doing some calculations, he says: “Well, at this point, it’s about as fair a match as it could possible be.”

Which slip or slips of paper might Kyle have drawn? And what are his chances of winning at this point (i.e., before Julien selects his own slip of paper)?

My solution:
[Show Solution]

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