Mathematics

SHAILY asked:


A casino roulette wheels has 38 slots numbered 1 to 36,0,00. The0 and00 slots are coloured green. Half of the remaining slots are red and the other half are black. A ball rolls around the wheel and player bet on which slot the ball will stop in.If a player guesses correctly, the casinopays out according to the type of bet.
(a) Calculate the house advantage, which is the casino”s profit, as a percent of the total amountwagered for each of the following bets. Assume that players place their bet randomly.
! single number bet, payout ratio 35:1

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