Concept explainers
A roulette wheel used in an American casino has 38 slots, of which 18 are red, 18 are black, and two are green. A roulette wheel used in a French casino has 37 slots, of which 18 are red, 18 are black, and one is green.
A ball is rolled around the wheel and ends up in one of the slots with equal probability. Suppose that a player bets on red. If a $1 bet is placed, the player wins $1 if the ball ends up in a red slot. (The player’s $1 bet is returned.) If the ball ends up in a black or green slot, the player loses $1. Find the
(a) The United States.
(b) France.
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