20 to 1 bet
[DOC File]1 - Texas A&M University
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18. A spinner device is numbered from 0 to 5, and each of the 6 numbers is as likely to come up as any other. A player who bets $1 on any given number wins $4 (and gets the bet back) if the pointer comes to rest on the chosen number; otherwise, the $1 bet is lost. What is the expected value of the game (long-run average gain or loss per game ...
[DOC File]Capital OTB – OTB Online Horse Race Betting
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4. If your 1st place selection finishes in 1st place, you will receive the win price times the number race. Ex: race 6 is price times 6, race 7 is price times 7…etc. Win prices are capped at 20-1 ($42). Highest cumulative scores are the winner and runner-up. 5. Tiebreakers – …
[DOC File]Chapter Five
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Therefore, the expected net payoff for a $1 bet on the $1 outcome is 1 x .44 – 1 x .56 = $.12 = 12¢. Thus, the gambler has an average net loss of 12¢ per $1 bet on the $1 outcome. When the gambler bets $1 and loses, his loss is $1 regardless of the outcome bet on.
[DOC File]Study Guide for Mathematics for Business Decisions I
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RETURNS Probability Stock A Stock B 0.1 -$100 $50 0.3 0 $150 0.3 $80 -$20 0.3 $150 -$100 Do you think you will invest in Stock A or Stock B? Explain. 32. The game of roulette is played with a wheel containing 37 slots. The slots are numbered with the integers from 0 to 36 inclusive. A player may place a $1 bet (or any other amount) on any number.
[DOC File]Wednesday, August 11 (131 minutes)
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If one of these numbers comes up on the wheel and the player bet $1, the player gets his $1 back plus $8 more. Otherwise, the casino keeps the original $1 bet. If X = net gain from a single $1 corner bet, the possible outcomes are x = –1 or x = 8. Here is the probability distribution of X: Value: –$1 …
[DOC File]Exam #2 – Math 106
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For a bet of $1, you win $500 if your number is selected and nothing ($0) otherwise. a.) With a single $1 bet, what is the probability that you win $500? (5) b.) Let X denote your winnings on a $1 bet. Construct the probability distribution for X. (5) c.) The mean of X, (X = 0.50. Provide an interpretation of this value.
[DOCX File]AMS572 - Stony Brook
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A gambler goes to bet. The dealer has 3 dice, which are fair, meaning that the chance that each face shows up is exactly 1/6. The dealer says: "You can choose your bet on a number, any number from 1 to 6. Then I'll roll the 3 dice. If none show the number you bet, you'll lose $1. If one shows the number you bet, you'll win $1.
[DOCX File]Commission Meeting Materials 051719 - BET
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(20) Manager--A licensee who is operating a BET facility, and which shall have the same meaning assigned to "vendor" in 34 CFR §395.1. (21) Net sales--All sales, excluding sales tax. (22) Other income--Money received by a manager from sources other than direct sales, such as …
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