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uppose you are playing a game where you bet $5 and have a 48% chance of winning. The bet is 1:1. What is the house edge on a single game?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Suppose you are playing a game where you bet $5 and have a 48% chance of winning. The bet is 1:1. What is the house edge on a single game?

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