Ask your own question, for FREE!
Mathematics 17 Online
OpenStudy (anonymous):

Playing roulette in a casino, you bet $5 on the number 8. If 8 occurs, you win $175 and get your $5 back. If 8 does not occur, you lose your $5 bet. a) What is your expected gain for this game? b) What is the house percentage?

OpenStudy (anonymous):

The roulette has 38 numbers.

OpenStudy (anonymous):

house percentage is 37/38=97%

OpenStudy (anonymous):

How do you find the house percentage?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!