Question: help please! should you expect to WIN or LOSE? (b & c) In a large casino, the house wins on its blackjack tables with a
In a large casino, the house wins on its blackjack tables with a probability of 51.7%. All bets at blackjack are 1 to 1, which means that if you win, you gain the amount you bet, and if you lose, you lose the amount you bet a If you bet $1 on each hand, what is the expected value to you of a single game? What is the house edge? b. If you played 350 games of blackjack in an evening, betting $1 on each hand, how much should you expect to win or lose? c. If you played 350 games of blackjack in an evening, betting $9 on each hand, how much should you expect to win or lose? d. If patrons bet $8,000,000 on blackjack in one evening, how much should the casino expect to eam? a. The expected value to you of a single game is (Type an integer or a decimal) The house edge is (Type an integer or a decimal) b. You should expect to (Type an integer or a decimal) c. You should expect to (Type an integer or a decimal) d. The casino should expect to eam (Type an integer or a decimal)
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