The dealer takes the number four, multiplies it by 30 and adds the remaining eight to the payout. The betting progression is very simple: Now plug these values and probabilities into the expected value formula and end up with:
Expected Value and GamblingStatistics professor demonstrates how to calculate the Expected Value in a game of roulette. You have only inflated your losses times! Computing for the first one, expected value = 2(18/38) - 1 = -$ or cents, or %. Roulette is a casino game named after the French word meaning little wheel. In the game .. Note that Top line (0, 00, 1, 2, 3) has a different expected value because of approximation of the correct 6 1⁄5-to-1 payout obtained by the formula to.