A popular casino table game is three-card poker. One aspect of the game is the pair plus
(a) What is the expected proï¬t when playing the $5 pair plus bet in three card poker.
(b) If you play the game for 4 hours with an average of 35 hands per hour, how much would you expect to lose?
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
Step by Step Answer: