A player can bet on a line by placing a chip at location A in...
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A player can bet on a line by placing a chip at location A in the figure to the right By placing the chip at A the player is betting on 1 2 3 0 and 00 This bet pays 3 5 to 1 which means that if a player wins the player wins 3 5 dollars as well as keeping his or her bet When the player loses he or she loses 1 Recall that there are 38 numbers on a roulette wheel Determine the expected value of betting on the roulette wheel The expected value of betting on the roulette wheel is EX C 0 1 4 10
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