In the game of roulette, a player can place an $8 bet on the number 33 and has a 1/38 probability of winning. If the metal ball lands on 33, the player gets to keep the $8 paid to play the game and 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? The expected value is $? Round to the nearest cent as needed. The player would expect to lose about $? Round to the nearest cent as needed.
