Question: You are considering playing a card game. The rules of the game are such that you pick a card from a standard deck of 52

You are considering playing a card game. The rules of the game are such that you pick a card from a standard deck of 52 cards and if the card is a diamond, you win $30. The catch is, you have to pay the dealer a fee of $10 to play the game. What is the expected value of this gamble?

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