Question

In craps, what are the fair net odds to pay for betting on a 10 to...

  1. In craps, what are the fair net odds to pay for betting on a 10 to come up on the next roll of the two dice?
  1. 18 to 1
  2. 17 to 1
  3. 12 to 1
  4. 11 to 1
  1. In craps, if a player bets on a 5 coming up on the next roll, and the player is paid at net 8-to-1 odds, what is the net payoff on a $20 bet?
  1. $20
  2. $140
  3. $160
  4. $180
  1. In roulette, if a player uses the doubling strategy starting with a $10 bet and is betting on red numbers every time, how much ahead is the player when losing the first two spins and winning the third spin? Assume the win pays at 1-to-1 net odds.
  1. $5
  2. $10
  3. $15
  4. $20
  1. Find the probability of winning in American-style roulette when betting on the first six numbers, 1 to 6.
  1. 1/2
  2. 1/3
  3. 6/36
  4. 6/38
  1. In American-style roulette, find the expected average loss for a player who bets $20 on the combination of the three numbers (1, 2, 3).
  1. About 5 cents
  2. About 26 cents
  3. About 53 cents
  4. About $1.06
  1. In roulette, what are the casino’s net odds to pay for winning a wager on the first dozen numbers, 1 through 12?
  1. 1 to 1
  2. 2 to 1
  3. 3 to 1
  4. 11 to 1

Homework Answers

Answer #1

Please rate if it is really helps you. Thank you.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the total probability of rolling a natural on the come-out roll in craps? 2/36...
What is the total probability of rolling a natural on the come-out roll in craps? 2/36 4/36 6/36 8/36 If a player’s point in craps is 8, what is the probability that they will win by rolling another 8 before a 7? 5/36 6/36 5/11 6/11 Assume that rolling an 8 before a 7 will pay at 6-to-5 odds net. Find the net payoff on a $5 wager. $1.20 $5 $6 $11 Find the expected number of 5’s from 100...
A roulette wheel has 38 numbers. Eighteen of the numbers are black, eighteen are red, and...
A roulette wheel has 38 numbers. Eighteen of the numbers are black, eighteen are red, and two are green. When the wheel is spun, the ball is equally likely to land on any of the 38 numbers. Each spin of the wheel is independent of all other spins of the wheel. One roulette bet is a bet on black—that the ball will stop on one of the black numbers. The payoff for winning a bet on black is $2 for...
JAVA: MUST BE DONE IN JAVA Assignment: Write algorithms and programs to play “non-betting” Craps. Craps...
JAVA: MUST BE DONE IN JAVA Assignment: Write algorithms and programs to play “non-betting” Craps. Craps is a game played with a pair of dice. In the game, the shooter (the player with the dice) rolls a pair of dice and the number of spots showing on the two upward faces are added up. If the opening roll (called the “coming out” roll) is a 7 (“natural”) or 11 (“yo-leven”), the shooter immediately wins the game. If the coming out...
Please answer part d !!! 7.A gambler plays roulette 100 times, betting a dollar on the...
Please answer part d !!! 7.A gambler plays roulette 100 times, betting a dollar on the numbers 1-12 each time. This particular bet pays 2 to 1 (you win $2 if the outcome is a number between 1 and 12 and lose $1 if not), and the chance of winning is 12/38 = 6/19. (You don’t need to know anything more about roulette than is given in this problem to solve it.) Fill in the blanks.(a) In 100 plays, the...
Reconsider the game of roulette. Recall that when you bet $1 on a color, you have...
Reconsider the game of roulette. Recall that when you bet $1 on a color, you have an 18/38 probability of winning $1 and a 20/38 probability of losing $1 (for a net winnings of -$1). Consider playing for a random sample of n = 4 spins, and consider the statistic x-bar = sample mean of your net winnings per spin. a) Determine the (exact) sampling distribution of x-bar. [Hint: Start by listing the possible values of x-bar. Then use the...
EXPECTED VALUE Do the following problems using the expected value concepts learned in this section 1)...
EXPECTED VALUE Do the following problems using the expected value concepts learned in this section 1) In a town, 40% of the men and 30% of the women are overweight. If the town has 46% men and 54% women, what percent of the people are overweight? 2) A game involves rolling a single die. One receives the face value of the die in dollars. How much should one be willing to pay to roll the die to make the game...
In java create a dice game called sequences also known as straight shooter. Each player in...
In java create a dice game called sequences also known as straight shooter. Each player in turn rolls SIX dice and scores points for any sequence of CONSECUTIVE numbers thrown beginning with 1. In the event of two or more of the same number being rolled only one counts. However, a throw that contains three 1's cancels out player's score and they mst start from 0. A total of scores is kept and the first player to reach 100 points,...
Assignment 2 1. Assume that you have two biased coins and one fair coin. One of...
Assignment 2 1. Assume that you have two biased coins and one fair coin. One of the biased coins are two tailed and the second biased one comes tails 25 percent of the time. A coin is selected randomly and flipped. What is the probability that the flipped coin will come up tail? 2. One white ball, one black ball, and two yellow balls are placed in a bucket. Two balls are drawn simultaneously from the bucket. You are given...
1) March 10 Accounts Payable 3,300        Cash 3,300 Paid creditors on account What effect does this...
1) March 10 Accounts Payable 3,300        Cash 3,300 Paid creditors on account What effect does this journal entry have on the accounts? a. Decrease accounts payable, increase cash b. Increase accounts payable, increase cash c. Increase cash, decrease accounts payable d. Decrease accounts payable, decrease cash 2) The following adjusting journal entry was found on page 4 of the journal. Select the best explanation for the entry. Wages Expense 2,150            Wages Payable 2,150 ???????????????? a. Record wages paid in advance...
What is a Capital Asset?, Holding Period, Calculation of Gain or Loss, Net Capital Losses (LO...
What is a Capital Asset?, Holding Period, Calculation of Gain or Loss, Net Capital Losses (LO 8.1, 8.2, 8.3, 8.5) Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2016: Stock Date Purchased Date Sold Sales Price Cost Basis 4,000 shares Green Co. 06/04/05 08/05/16 $12,000 $3,000 500 shares Gold Co. 02/12/16 09/05/16 54,000 62,000 5,000 shares Blue Co. 02/04/06 10/08/16 18,000 22,000 100 shares Orange Co. 11/15/15 07/12/16 19,000 18,000 None of the stock...