This preview shows pages 1–10. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: R B R B R R B R R B R R B B R R R B R B R R R B B next RBRBB RRBBB R B R B R R B R R B R R B B R R R B R B R R R B B Winning cases Losing cases B RBB B RBB next The general case (*) Q E D ! KENO EXPECTATIONS The player marks n spots (chooses k numbers of the card) The house choses 20 distinct numbers from 1 to 80 Payoffs vary from house to house Here are two schedules What do you expect to win if you bet one dollar here ? What do you expect to win if you bet 5 dollars here ? ( n k )( 80n 20k ) ( 80 20 ) And what if you bet 1 dollar? Some interesting Answers = = = = /5 = In each case you should expect to lose about 27 cents per dollar!!! betting 5 dollars speeds up the process So you see that the craps game where you lose 2 cents per dollar is a bargain by comparison...
View
Full
Document
This note was uploaded on 09/22/2010 for the course MATH MATH187 taught by Professor Math187 during the Spring '10 term at UCSD.
 Spring '10
 MATH187
 Math

Click to edit the document details