Business, 16.02.2021 02:10 naomihiggins4033

One potential wager is to "bet on black" where you make a wager and if the ball lands in a black location you win an additional amount equal to the wager for a total payout equal to twice the wager. For example, if you bet $1 and win the casino gives you a $2 payout. If the ball lands on red or green you would lose your wager and the payout would be $0. What is the expected profit from making a $13 "bet on black"? (round to closest penny)

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One potential wager is to "bet on black" where you make a wager and if the ball lands in a black loc...