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Please solve problem. Thanks.
What is the expectation for the $1 bets on a U.S. roulette wheel? See the figure. (Round your
answer to the nearest cent.)
$
Solution
http://en.wikipedia.org/wiki/Roulette#Bet_odds_table
This should help. You're looking for the part of the table that says "Street"
According to the table, on an American $1 bet the expected value is -$0.053

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Please solve problem. Thanks.What is the expectation for the $.pdf

  • 1. Please solve problem. Thanks. What is the expectation for the $1 bets on a U.S. roulette wheel? See the figure. (Round your answer to the nearest cent.) $ Solution http://en.wikipedia.org/wiki/Roulette#Bet_odds_table This should help. You're looking for the part of the table that says "Street" According to the table, on an American $1 bet the expected value is -$0.053