a. The probability of a 7 in roulette is 1/38. Find the actual odds against 7. b.
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b. If you bet $2 on the number 7 in roulette and you win, the casino gives you $72, which includes the $2 bet. First identify the net profit, then find the payoff odds.
c. How do you explain the discrepancy between the odds in parts (a) and (b)?
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Let R getting a 7 in roulette Then PR 138 P 3738 a actual odds against R PPR 373...View the full answer
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