In the game of roulette, a player can place a $4 bet on the number 10 and have a 1/38 probability of winning. If the metal ball
lands on 10, the player gets to keep the $4 paid to play the game and the player is awarded an additional $140. Otherwise, the player is awarded nothing and the casino takes the player’s $4. What is the expected value of the game to the player? If you played the game 1000 times, how much would you expect to lose?
