Business, 15.02.2021 23:30 alanflores40

To "let it ride" is to make a bet and if it wins to make the same bet with the entire payout amount. For example, if you bet $1 on black and win the casino gives you $2, you then "let it ride" by betting that $2 on black and if you win again the casino would give you $4. If the ball were to land on red or green on either spin of the wheel you would lose your wager and the final payout would be $0. What is the expected profit for betting $12 on black and if you win, "letting it ride" once? I. E., betting on black and if you win betting your winnings on black again? (keep in mind that if you lose the first bet you are done; round to closest penny)

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To "let it ride" is to make a bet and if it wins to make the same bet with the entire payout amount....

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