Question: EV = Expected Value Please Show all work 12. A Player makes one bet for $100 with EV of -$5, then bets ten times at

EV = Expected Value

Please Show all work

12. A Player makes one bet for $100 with EV of -$5,

12. A Player makes one bet for $100 with EV of -$5, then bets ten times at $25 each with an EV of - $2.50 per bet, then bets five times at $10 each with an EV of -$1.00 per bet. What is the net House Advantage (HA)? 13. Complete the following EV table (note: use excel and list your answers below or copy/paste your completed table) Event A B C D Nothing Win 199 99 49 9 -1 Totals Probability 0.001 0.003 0.005 0.01 0.981 1 EV ? ? ? ? ? ?

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