A standard roulette wheel has an array of numbered compartments referred to as pockets. The pockets are

Question:

A standard roulette wheel has an array of numbered compartments referred to as "pockets." The pockets are red, black, or green. The numbers 1 through 36 are evenly split between red and black, while 0 and 00 are green pockets. For every $1 that one bets on red, one wins $1 if teh roulette ball lands on red and loses if it lands otherwise. Similarly for black. What is teh to a red or a black bet? Why?
Expected Return
The expected return is the profit or loss an investor anticipates on an investment that has known or anticipated rates of return (RoR). It is calculated by multiplying potential outcomes by the chances of them occurring and then totaling these...