Pick 4. The Tri-State Daily Numbers Pick 4 is much like the Pick 3 game of Example 1.Winning numbers for both are reported on television and in local newspapers. You pay $0.50 and pick a four-digit number. The state chooses a four-digit number at random and pays you $2500 if your number is chosen.

What are the expected winnings from a $0.50 Pick 4 wager?