Question
Suppose any one round of a gambling game pays 3 to 1 and the odds are...
Suppose any one round of a gambling game pays 3 to 1 and the odds are 4 to 1 against you. If you play for 100 rounds and bet one dollar on each round, what is the chance you will come out ahead?
Homework Answers
Answer #1
Given that:
One round of a gambling game pays 3 to 1
And the odds are 4 to 1 against you
You play for 100 rounds and bet one dollar on each round
What is the chance you will come out ahead
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