In the game of roulette, a player can place a
$6
bet on the number
8
and have a
138
probability of winning. If the metal ball lands on
8,
the player gets to keep the
$6
paid to play the game and the player is awarded
$210.
Otherwise, the player is awarded nothing and the casino
takes the player's
$6.
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?
The expected value is ?
The player would expect to lose about?
