Question: Steve learns that for a $5 bet on a number in roulette, the expected return is $4.74, but for a $5 bet on the pass

Steve learns that for a $5 bet on a number in roulette, the expected return is $4.74, but for a $5 bet on the pass line in the game of craps, the expected return is $4.93, so it is better to play this particular craps bet than the roulette bet.

Step by Step Solution

3.29 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The statement makes sense By betting repeatedly on one n... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

666-M-S-P (5532).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!