document.write( "Question 249076: If casino five card stud were fair, how much should it pay to a player who bets $10 and gets a straight flush versus a dealer who gets two pair? The odds against getting a straight flush in five card stud are about 64974 to 1. Thank you! \n" ); document.write( "
Algebra.Com's Answer #181471 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! If casino five card stud were fair, how much should it pay to a player who bets $10 and gets a straight flush versus a dealer who gets two pair? The odds against getting a straight flush in five card stud are about 64974 to 1. \n" ); document.write( "--------------------- \n" ); document.write( "With those odds against the probability of not getting a straight flush \n" ); document.write( "is 64974/64975 \n" ); document.write( "The probability of getting a straight flush is 1/64975 \n" ); document.write( "------------------------------- \n" ); document.write( "Let x be the random variable tracking player earnings: \n" ); document.write( "x values are : -10 and x-10 where x is the amount paid the player if he \n" ); document.write( "gets a straight flush. \n" ); document.write( "------------------------ \n" ); document.write( "If the game is fair The expected value of the game is zero. \n" ); document.write( "------------------------ \n" ); document.write( "Equation: \n" ); document.write( "(64974/64975)*(-10) + (1/64975)(x-10) = 0 \n" ); document.write( "--- \n" ); document.write( "Multiply thru by 64975 to get: \n" ); document.write( "64974*(-10) + x-10 = 0 \n" ); document.write( "x = 64975(10) \n" ); document.write( "--- \n" ); document.write( "x = $640,970 (amt. the casino should pay if the customer gets a straight flush) \n" ); document.write( "================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |