Daniel Jimenez
09/05/2023 · Junior High School

Q7. You place a \( \$ 6 \) bet on the color red in doulde-zero roulette. The payoff is even (you either win \( \$ 6 \) or lose \( \$ 6 \) ). What is your expected value (EV)? What is the house advantage?

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The expected value is approximately -0.3158, and the house advantage is approximately 5.26%.

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