In the game of roulette, a player can place an \($8\) bet on the number 13 and have a 1/38 probability of winning. If the metal ball lands on 13, the player gets to keep the \($8\) paid to play the game and the player is awarded an additional \($280\).

Otherwise, the player is awarded nothing and the casino takes the player’s \($8\). What is the expected value of the game to the player? If you played the game 1000 times, how much would you expect to lose?