Calculate the roulette values below:
P((13-24))
Expected return on a $10.00 bet
Probability of (13-24)
| Probability of (13-24) = | Total (13-24) |
| Total Spaces |
| Probability of (13-24) = | 12 |
| 38 |
| Probability of (13-24) = | 6 |
| 19 |
Calculate Success % of (13-24)
Success % = Probability of (13-24) x 100%
| Success % = | 6 x 100% |
| 19 |
Success % = 31.58%
Calculate the Expected Return
Expected Return = Bet * (Success % - (1 - Success %))
Expected Return = $10.00 * (0.31578947368421 - (1 - 0.31578947368421))
Expected Return = $10.00 * (0.31578947368421 - 0.68421052631579)
Expected Return = $10.00 * -0.36842105263158
Expected Return = $-3.68
