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Roulette
Expected profit= (probability of winning) x (winning payout amount)- wager amount
A potential wager is to "bet on odd" which has the same payout as betting on black, but winning is when the ball lands on in a location with an odd number of eithercolor. If the ball lands on an even numbered location or green zero you lose your wager and the payout would be zero. What is the expected profit from placing two betson a single spin of the wheel, $3 on black and $3 on odd?
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