Posted by steve on Thursday, December 18, 2008 at 3:30pm.
in a game of roulette, there are 18 red numbers, 18 black numbers, and 2 green numbers. you may bet on red or black, but not green. if you win a $1 bet on the color, the house pays you $1. what is the expected value of each $1 you play at this game

math  bobpursley, Thursday, December 18, 2008 at 4:18pm
expected value:
1(36/38) . So you lose money.