Dont pass bettor has a more favorable bet than the roller

Reference no: EM13970264

On September 26, 1980, the New York Times reported that a mysterious stranger strode into a Las Vegas casino, placed a single bet of 777,000 dollars on the "don't pass" line at the crap table, and walked away with more than 1.5 million dollars. In the "don't pass" bet, the bettor is essentially betting with the house. An exception occurs if the roller rolls a 12 on the first roll. In this case, the roller loses and the "don't pass" better just gets back the money bet instead of winning.

Show that the "don't pass" bettor has a more favorable bet than the roller.

Reference no: EM13970264

Questions Cloud

Write an essay about the film pride and prejudice : Write an essay about the film "Pride & Prejudice - Your Hands are Cold - One of the last scenes". What does the extract from the novel suggest about the relationship between Darcy and Elizabeth that is no?

What is your expected final fortune : On each draw, you bet half of your present fortune that you will draw a white ball. What is your expected final fortune?

Voltaire on religious toleration : Why does Voltaire in "Voltaire on religious toleration: mainly imagine himself aguing about tolerance with non-Christian clergy?

Show the accounts affected, the amount of the adjustment : All adjustments affect one balance sheet account and one income statement account. For each of these situations, show the accounts affected, the amount of the adjustment (using a 1 or 2 to indicate an increase or decrease), and the balance of the acc..

Dont pass bettor has a more favorable bet than the roller : Show that the dont pass bettor has a more favorable bet than the roller.

Write a function called codeit that takes a string txt : It replaces each 'a' with 'z', each 'b' with 'y', each 'c' with 'x', etc. The function must work for uppercase letters the same way, but it must not change any other characters. Note that if you call the function twice like this str = codeit(codei..

Find the players expected winnings : Find the players expected winnings if he makes this additional bet when he has the opportunity.

Describe lifo as an inventory method : Which of the following statements best describes the reason that prepaid expense is listed on the statement of cash flows?

Prepare a dissectio onthe case fcc vs at&t inc : Prepare a Dissectio onthe case FCC vs AT&T INC. Before you attempt to write a case brief, it's helpful first just to identify the parts of a judicial opinion.

User Account

All Pages