Suppose a bookie will give you $6 for every $3 you risk if you pick the winners in three games of a sport on a "parlay" card. Thus, for every $3 bet, you will either lose $3 or gain $3. What is the bookie's expected earnings per dollar wagered? (Note the odds of winning and losing on a particular game are the same.) 1. The bookie's expected value for a $3 bet for three games is approximately $enter your response here
Suppose a bookie will give you $6 for every $3 you risk if you pick the winners in three games of a sport on a "parlay" card. Thus, for every $3 bet, you will either lose $3 or gain $3. What is the bookie's expected earnings per dollar wagered? (Note the odds of winning and losing on a particular game are the same.) 1. The bookie's expected value for a $3 bet for three games is approximately $enter your response here
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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CHP 4
Suppose a bookie will give you
$6
for every
$3
you risk if you pick the winners in three games of a sport on a "parlay" card. Thus, for every
$3
bet, you will either lose
$3
or gain
$3.
What is the bookie's expected earnings per dollar wagered? (Note the odds of winning and losing on a particular game are the same.)1. The bookie's expected value for a
$3
bet for three games is approximately
$enter your response here
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