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    Shanavia's Avatar
    Shanavia Posts: 1, Reputation: 1
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    #1

    Apr 15, 2014, 11:41 AM
    Deck of cards
    A game, which costs $1 to play consists of drawing a card from a deck of 52 cards. If the card is an ace, you win $5. If the card is a face card, you win $2. And, if the card is any other card, you lose. What is the dealer's edge in this game?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    Apr 15, 2014, 12:02 PM
    Assuming each card in the deck is drawn once, and assuming a standard deck, the player(s) will pay $1 x 52 = $52.

    The dealer will pay as follows:
    (for the aces) $5 x 4 = $20
    (for the face cards) $2 x 12 = $24.

    $52 / $24 = 2.16666
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