A modified roulette wheel has 40 slots. One slot is 0 another is 00, and the oth

Question

A modified roulette wheel has 40 slots. One slot is 0 another is 00, and the others are numbered 1 through 38 respectively. You are placing a bet that the outcome is an even number. (In roulette, 0 and 00 are neither odd nor even.

C. When you bet that the outcome is an even number, the payoff odds are 1:1. How much profit do you make if you bet $15 and win?

If you win the payoff is ? $blank

Score: 0 of 2 pts X 4.1.42 HW Score: 70% 14 20 pc .ies on Hep * A modfied roulette wheel has 40 slots One siet is 0, another is 00 and the ohersae numbered 1 urribered 1 through 30 You are piacing a bet that the outooma is an anan namber m:aaletu 0 ans, da anehar stins, men- s e respeesvely a. What s your probability of winning The probability of wining 0 (Type wn intagar or a simp/fied tractin b. What are tha actual odós sgenst winning? Tha actuel odds against wihning sre 21 19 c.When yow bat than the outcome in an aven number the payot odos are 1.1 How much proi doyou make f you bel 515 and us?

Explanation / Answer

a. Since there are 40 slots, there are 19 even numbers and the chance of winning is 19/40.

b. The odds against winning are 21 : 19.

c. Since the payoff odds is 1:1 and the bet is $15, the profit is $15.

Payoff is $15 + $15 = $30.

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