Recent content by federico.zampini

Hello, I want to calculate the expected pay-out of european roulette spins. Particularly, I want to know what is the expected pay-out at the 200th spins. I assume the following: a. the customer's initial amount is $100; b. the customer places a flat bet of $10 each spin [total bet]; c. the...

Hi there, I'm a probability newbie. Can anyone help me with the following problem? A player begins with £1 and each round they can wager £1 on the outcome of a game. The player wins the game with probability p (0.48), in which case they get £1 in winnings and with probability 1-p (0.52)...