Bipin's Choice

Bipin is in a game show and he has picked a red ball out of 10 balls. He wins a large sum of money, but can you use the information to decided what he should do next?
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Problem

Bipin is playing in a game show. The host tells Bipin that there are 10 balls hidden in a box - 5 are Red, 3 are Yellow and 2 are Blue. Bipin pulls out his first ball. It's Red and he wins a large sum of money. Now his choices are:

  1. He can stop playing and take his prize.
  2. He can pull out another ball - if it's Red he doubles his money, if it's Yellow he leaves with nothing, if it's Blue he can pick one last ball.
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Bipin's Choice


What should Bipin do? Why?