In the New Jersey and Nevada gaming casinos, craps is a popular gambling game. One of the

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In the New Jersey and Nevada gaming casinos, craps is a popular gambling game. One of the many bets available is the "Hard-way 8." A $1 bet in this fashion will win the player $4 if in the game the pair of dice come up 4 and 4 prior to one of the other ways of totaling 8. For a $1 bet, what is the expected result?
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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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