You are offered a Keno ticket in a casino which will pay you $1 million if you

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You are offered a Keno ticket in a casino which will pay you $1 million if you win!

It only costs you $1 to buy the ticket. You choose 4 numbers out of a 9x9 grid of distinct numbers. You win if all of your 4 numbers come up in a random draw of four from the 81 numbers. What is the expected dollar value of this gamble?

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Bayesian Artificial Intelligence

ISBN: 9781439815915

2nd Edition

Authors: Kevin B. Korb, Ann E. Nicholson

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