Answer using probability
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Answer using probability
Clarify your question please.
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?
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?
If that's the question, then you need to know the meaning of "expected value".
Expected value = P(win) x Amount bet
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