2) A roulette wheel has 38 slots.
36 of them are the numbers 1 - 36. The remaining 2 are "0" and "00".
You can bet on a single number.
If the ball lands on your number, you win 35 chips plus the chip you bet.
a. If each chip is worth $1, what is the expected value for a player
who bets the number 17 for a long period of time?
We have: . .
[If he plays 3000 times, he can expect to lose about $79.]