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February 3rd, 2010, 02:54 PM  #1 
Newbie Joined: Jan 2010 Posts: 6 Thanks: 0  Expected Value and Roulette
2) A roulette wheel has 38 slots. 36 of them are the numbers 1  36. The remaining 2 are "0" and "00". You can bet on a single number and if the ball lands on your number you win 35 chips plus the chip you bet. a. If each chip is worth $1, what is the expected value for a player who bets the number 17 for a long period of time? 
February 3rd, 2010, 06:00 PM  #2 
Senior Member Joined: Aug 2008 From: Blacksburg VA USA Posts: 351 Thanks: 7 Math Focus: primes of course  Re: Expected Value and Roulette
your expected winnings (or loss) if that's what you mean is the same regardless of any of the 36 numbers you pick ... The question is will you win long term? you know the odds of a number being selected, you know the take or odds paid on that event. What progress have you made? 

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