Answer
Success!
Expected Return = $-7.89
↓Steps Explained:↓
Calculate the roulette values below:
P(4 Numbers)
Expected return on a $10.00 bet
Probability of 4 Numbers
| Probability of 4 Numbers = | Total 4 Numbers |
| Total Spaces |
| Probability of 4 Numbers = | 4 |
| 38 |
| Probability of 4 Numbers = | 2 |
| 19 |
Calculate Success % of 4 Numbers
Success % = Probability of 4 Numbers x 100%
| Success % = | 2 x 100% |
| 19 |
Success % = 10.53%
Calculate the Expected Return
Expected Return = Bet * (Success % - (1 - Success %))
Expected Return = $10.00 * (0.10526315789474 - (1 - 0.10526315789474))
Expected Return = $10.00 * (0.10526315789474 - 0.89473684210526)
Expected Return = $10.00 * -0.78947368421053
Expected Return = $-7.89Take the Quiz Switch to Chat Mode
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