Roulette 0 1 2 3

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Roulette 0 1 2 3
Algebra -> Probability-and-statistics-> SOLUTION: A roulette wheel has 38 slots numbered 00, 0, 1, 2, ..., 35, 36. Eighteen of the slots numbered 1 through 36 are red and eighteen are black. The 00 and 0 slots are green. The ball Log On

Basket - The payout will be 6 to 1 (with a percentage chance of 13.2% in American roulette, this bet is not found in European roulette) as you are betting on five numbers (i.e. 0, 00, 1, 2, 3). 3/8 18.12 Roulette. A roulette wheel has 38 slots, numbered 0, 00, and 1 to 36. The slots 0 and 00 are colored green, 18 of the others are red, and 18 are black. The dealer spins the wheel and at the same time rolls a small ball along the wheel in the opposite direction. Winning Roulette Payouts are as follows: 35 to 1 for a bet on a single number; 17 to 1 for a double number bet; a three number bet pays 11 to 1; A corner four number bet pays 8 to 1; A six number bet pays 5 to 1; a column bet pays 2 to 1; And a bet on the even outside bets pays 1 to 1. For example, 1,2,3 is a Street, 4,5,6 is a Street and so on. Corner Bet – A bet on four numbers that make a square on the roulette table. For example, 1,2,4,5 is a Corner bet. 4 Number Bet – Bets on 0,1,2,3 at the same time. Description: 'Bet against the last eight results repeating, and ignore the zero. We use simple martingale 1,2,4,8,16,32,64,128,256,512 or a labby.'


Roulette 0 1 2 360


Question 957401: A roulette wheel has 38 slots numbered 00, 0, 1, 2, ..., 35, 36. Eighteen of the slots numbered 1 through 36 are red and eighteen are black. The 00 and 0 slots are green. The ball is spun around the wheel until it falls into one of the slots. When a gambler bets $1 on a single number and wins, he gets $36 back (i.e. his net winnings are $35). Find the expected value of this game (in dollars).
Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website!
A roulette wheel has 38 slots numbered 00, 0, 1, 2, ..., 35, 36. Eighteen of the slots numbered 1 through 36 are red and eighteen are black. The 00 and 0 slots are green. The ball is spun around the wheel until it falls into one of the slots. When a gambler bets $1 on a single number and wins, he gets $36 back (i.e. his net winnings are $35). Find the expected value of this game (in dollars).
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Random 'winnings'............. 35......-1
Corresponding probabilities:: 1/38...37/38
Expected 'winnings' = [35-37]/38 = -2/38 = -1/19 = -$0.05 dollars
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Cheers,
Stan H.
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Roulette 0 1 2 3