Reference no: EM132856733

A field bet in craps occurs when a player places a bet on a single roll of the dice. The following can occur in a field bet:

-If you roll a 3, 4, 9, 10, or 11, you win your bet.
-If you roll a 2, you win twice your bet.
-If you roll a 12, you with three times your bet.
-If you roll a 5, 6, 7, or 8, you lose your bet.

For each roll you're rolling two dice, so "rolling a 7" means any combination of dice that adds up to 7. Also, when you "win" your bet, you are always given the original amount you bet, plus additional earnings. For example, if you place down one chip as your bet, and a 9 is rolled, you get that one chip back plus one new chip in winnings.

You make 100 consecutive field bets, and put two chips down for each bet. Your expected winnings by the end of these 100 bets is:

A) lose 6 chips.

B) lose 10 chips.

C) lose 2 chips.

D) win 2 chips.

E) win 5 chips.