A modifiled roulette whee has 36 slots One slot s 0, another is 00 and the other

Question

A modifiled roulette whee has 36 slots One slot s 0, another is 00 and the others are numbered 1 through 34, respectively You are placing a bet that the outcome is an odd number. (In roulette, 0 and 00 are neither odd nor even) a. What is your probability of winning? The probablity of winning is! Type an integer or a simplified traction) b. What are the actual odds against winning? The actual odds against winning are 19 17 c. When you bet that the outcome is an odd number the payoff odds are 11 How much proft do you make # you bat $12 and win? it you win, the payoffis $ 12 ff odds so ave the same as the actual odds d. How much proft shouid you make on the $12 bet if you could somehow convince the casino to change its against winning? 0113411 (Round to the nearest cent as needed )

Explanation / Answer

a) The probability of winning is 17/36
b) Acutual odds against winning : (36-17) : 17 = 19:17
c) If you win , the payoff is $12

d) Actual odds against winning is $13.41

All are correct answers

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