Posted by **Anonymous** on Sunday, October 17, 2010 at 5:32pm.

The game of roulette uses a wheel containing 38 pockets. Thirty-six pockets are numbered 1, 2, 3, ..., 35, 36, and the remaining two are marked 0 and 00. The wheel is spun, and a pocket is identified as the "winner." Assume that the observance of any one pocket is just as likely as any other.

Suppose you bet $5 on a single number -- say, the number 18. The payoff on this type of bet is usually 35 to 1. What is your expected gain?

- statistics -
**PsyDAG**, Monday, October 18, 2010 at 3:16pm
175(1/38) - 5(37/38) = ?

Of course, strictly speaking, you won't "win" exactly $175 on 18, because $5 of that was your original bet.

## Answer This Question

## Related Questions

- statistics - The game of roulette uses a wheel containing 38 pockets. Thirty-six...
- Statistics - Roulette wheels in Nevada have 38 pockets. They are all numbered 0...
- Statistics - Roulette wheels in Nevada have 38 pockets. They are all numbered 0...
- Math - Roulette wheels in Nevada have 38 pockets. They are all numbered 0, 00, ...
- Statsitcs - A roulette wheel has 38 slots, numbered 0,00,and 1 to 36. the slots ...
- Math (expected value) - A roulette wheel in Las Vegas has 18 red slots and 18 ...
- English - People use pockets when they eat Brussels waffles. ---------- Is this ...
- Englaish - Posted by rfvv on Sunday, June 29, 2014 at 4:13pm. People use pockets...
- Stats - A roulett wheel has 38 slots in which a ball can land two of e slots are...
- math - The wheel in the figure has a diameter of 1 yard. The wheel is rolled ...

More Related Questions