How Do You Find the Expected Value in Roulette?

Roulette is a casino game that has been around for centuries. The game is simple to play and offers a variety of betting options. The object of the game is to bet on where the ball will land on the Roulette wheel.

There are 38 numbers on a Roulette wheel, including 0 and 00. The numbers are evenly divided between red and black, with 18 red numbers and 18 black numbers.

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The expected value is the amount of money that you would expect to win or lose if you were to play the game an infinite number of times. The expected value in Roulette depends on the type of bet that you make.

PRO TIP:To find the expected value in roulette, you need to calculate the average of all of your potential outcomes. For example, if you are betting on black, you need to add up the probability of winning (18/38) multiplied by the payout (2x) and subtract the probability of losing (20/38) multiplied by your initial bet. This will give you the expected value for your bet.

For example, if you bet on a single number, your expected value would be 35 to 1. This means that if you bet $1 on a single number, you would expect to win $35 if that number came up.

If you made an even money bet, such as betting on red or black, your expected value would be 50%. This means that if you bet $100 on red, you would expect to win $50 if the ball landed on a red number.

If the ball landed on a black number, you would expect to lose your $100 bet.

The expected value can be positive or negative, depending on the type of bet that you make. It is important to remember that the expected value is only an average and does not guarantee that you will win or lose money in the long run.