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-   -   Expected Value If on a $1 bet, Paul Goldsteins expected value is $0.30, what is Paul (https://www.askmehelpdesk.com/showthread.php?t=531969)

  • Dec 5, 2010, 07:19 PM
    unycee
    Expected Value If on a $1 bet, Paul Goldstein’s expected value is $0.30, what is Paul
    Answer using probability
  • Dec 6, 2010, 02:17 AM
    Unknown008

    Clarify your question please.
  • Mar 11, 2011, 05:21 PM
    edma2008
    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?
  • Mar 11, 2011, 05:22 PM
    edma2008
    Expected Value
    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?
  • Mar 11, 2011, 11:57 PM
    Unknown008

    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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