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
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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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