document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=313184>Question 313184</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A casino card game takes $10 bets.  Players have a 33% chance of winning $20, and they have a 67% chance of losing their bets.  What is the house edge? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #224016 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=224016\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  A casino card game takes $10 bets. <BR>\n" );
document.write( "Players have a 33% chance of winning $20, and they have a 67% chance of losing their bets. <BR>\n" );
document.write( "What is the house edge?<BR>\n" );
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document.write( "House random number gains: 10, -10<BR>\n" );
document.write( "Corresponding Probabilities: 0.67 , 0.33<BR>\n" );
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document.write( "E(gain for the house) = 0.67*10 + 0.33*-10<BR>\n" );
document.write( "= 6.7 -3.3<BR>\n" );
document.write( "= $3.40<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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document.write( " </SPAN>\n" );
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