Question: Solve the following problems in an Excel spreadsheet: 1. On the come out roll in craps, a 7 or 11 is a winner, but 2,

Solve the following problems in an Excel spreadsheet:

1. On the come out roll in craps, a 7 or 11 is a winner, but 2, 3, and 12 are losers. What are the probabilities of each? What does this tell us about betting the come out roll in a game of craps?

2. After the "point" is set in craps, you can back up your pass line bet. Show statistically which Point numbers are the best to bet. Does it matter if you get a point of 4, 5, 6, 9, or 10? What are the probabilities of the shooter throwing each one?

3. What is the probability of the shooter throwing a 7 and crapping out after the point is established?

4. Those "Hard ways" bets in the middle of the table look great! They pay up to 30 to one, meaning they will pay out $150 on just a $5 chip! Show, using probability and statistics - and the payouts - why these might not be the best bets on the table. Show at least two examples in the hard way field.

5. Do the "don't pass" and the "don't come" lines have better, or worse odds than the pass and come lines? Why might you want to play these more or less often, all things considered?

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