Playing roulette in a casino, you bet $5 on the number 8. If 8 occurs, you win$175 and get your $5 back. If 8 does not occur, you lose your$5 bet. a) What is your expected gain for this game? b) What is the house percentage? The Roulette has 38 numbers.
Playing roulette in a casino, you bet $5 on the number 8. If 8 occurs, you win$175 and get your $5 back. If 8 does not occur, you lose your$5 bet. a) What is your expected gain for this game? b) What is the house percentage? The Roulette has 38 numbers.