At a casino, a two-ball version of roulette is played.
Players place their bets as in the regular roulette, and collect
winnings for each of the balls, e.g., if a player bets on red, and only
one ball lands on red, he breaks even; if both balls land on red
he wins his bet, and if none of the balls lands on red, he loses
his bet.
There are 18 red, 18 black and two green numbers in roulette.
We assume that in the two-ball roulette the two balls cannot land on
the same number, but they are equally likely to land
on any pair of distinct numbers. For simplicity, assume that players
only bet on red or black.
- What is the probability of winning, losing and breaking even?
- What is the expected winning on a single $100 bet on red?
- What is the expected winnings on 100 $2 bets on red?