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November 22, 2014

November 22, 2014

Posted by **Martha** on Wednesday, February 14, 2007 at 8:11am.

I presume that the drawn card is replaced after every play. First calculate the expected payoff -- the probability of hitting the payoff times the payoff - or (4/52)*$4. = 0.3077 So, the expected profit per play is $0.50 less $0.3077

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