olor, we win. This bet pays even money in most casinos. This means that for each dollar we bet, we will win $1 for choosing the winning color. So, if we bet $5 and win, we would keep our $5 and win $5 more. If we lose, we lose whatever amount of money we bet, just as before. What is the probability that we will win on a single spin if we bet on red? What is the probability that we will lose on a single spin if we bet on red? If we bet $60 on the winning color, how much money will we
We decide that we can certainly increase our chances of winning if we bet on a color instead of a number. Roulette allows us to bet on either red or black and if the number is that color, we win. This bet pays even money in most casinos. This means that for each dollar we bet, we will win $1 for choosing the winning color. So, if we bet $5 and win, we would keep our $5 and win $5 more. If we lose, we lose whatever amount of money we bet, just as before.
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What is the probability that we will win on a single spin if we bet on red?
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What is the probability that we will lose on a single spin if we bet on red?
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If we bet $60 on the winning color, how much money will we win? Is this more or less than we will win by betting $8 on our favorite number? Explain why.
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