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A player canbet on aline by placing a chip at location A in the figure to the right. By placing the chip atA, the player
A player can"bet on aline" by placing a chip at location A in the figure to the right. By placing the chip atA, the player is betting on1, 2,3, 0, and 00. This bet pays 4 to1, which means that if a playerwins, the player wins 4 dollars as well as keeping his or her bet. When the playerloses, he or she loses$1. Recall that there are 38 numbers on a roulette wheel. Determine the expected value of betting on the roulette wheel.
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