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View Full Version : Expected Value If on a $1 bet, Paul Goldsteins expected value is $0.30, what is Paul


unycee
Dec 5, 2010, 07:19 PM
Answer using probability

Unknown008
Dec 6, 2010, 02:17 AM
Clarify your question please.

edma2008
Mar 11, 2011, 05:21 PM
Expected Value If on a $1 bet, Paul Goldstein's expected value is $0.30, what is Paul's expected value on a $5 bet?

edma2008
Mar 11, 2011, 05:22 PM
Expected Value If on a $1 bet, Paul Goldstein's expected value is $0.30, what is Paul's expected value on a $5 bet?

Unknown008
Mar 11, 2011, 11:57 PM
If that's the question, then you need to know the meaning of "expected value".

Expected value = P(win) x Amount bet