Question

Kicker

Another option in Club Keno is to play the "Kicker." This is an option that doubles your bet, but you can get a random multiplier to your winnings. About 2/3 of the time there is no multiplier, though. Let's consider what the expected value is when playing the kicker while only betting on only one number.

Outcome	Kicker	Probability	Net Value
1 Correct	x1	0.15625	$0
1 Correct	x2	0.046875	$2
1 Correct	x3	0.0234375	$4
1 Correct	x4	0.01171875	$6
1 Correct	x5	0.00585938	$8
1 Correct	x10	0.00585938	$18
0 Correct	Any	0.75	-$2

What is the expected value when using the Kicker option and choosing one number? $ (Round to the nearest cent.)

If you had not played the kicker, the table would be:

Outcome	Probability	Net Value
1 Correct	0.25	$1
0 Correct	0.75	-$1

If you had not played the kicker, what would the expected value be? $ (Round to the nearest cent.)

Answer 1

ANSWER:

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