Monday

July 28, 2014

July 28, 2014

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

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 3:16pm175(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.

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