Question
In one version of roulette, a wheel has 18 black slots, 18 red slots and 2...
In one version of roulette, a wheel has 18 black slots, 18 red slots and 2 green slots. All slots are the same size. A player can place a bet on either red or black. Green is reserved for the house. If a player places a bet of $5 on either red or black and that color comes up, they win $10. Otherwise, the casino takes the player's $5. What is the expected value of playing the game once?
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