document.write( "Question 820924: A roulette wheel has 18 red, 18 black, and 2 green slots. one dollar bet on black wins one dollar. find the expected value for a $10 bet. if 1000 people each make a $10 bet on black, how much does the casino expect to make? \n" ); document.write( "

Algebra.Com's Answer #493835 by Edwin McCravy(20060) $\"\"$ $\"About$

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A roulette wheel has 18 red, 18 black, and 2 green slots. one dollar bet on black wins one dollar. find the expected value for a $10 bet on black.
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document.write( "18 successful slots out out of 38, a probability of winning is  = \r\n" );
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document.write( "Expected value for the player = (Amount won)(Probability of winning) = $10 = $4.74\r\n" );
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document.write( "Therefore the expected value for the casino is $10.00-$4.74 = $5.26 \r\n" );
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document.write( "if 1000 people each make a $10 bet on black, how much does the casino expect to make?\r\n" );
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document.write( "$5.26×1000 = $5260\r\n" );
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document.write( "Edwin

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