Compute the probability and the expected monetary value for the following bets. Each time, you lay down $1 to bet that a certain kind of card will appear from a standard fifty-two-card deck. If you win, you collect the amount indicated, so your net gain is $1 less. If you lose, of course, you lose your $1

On two consecutive draws without returning the first card to the deck, do not draw a club. Win: $1.78.