If you bet $1 in kentucky’s pick 4 lottery game, you either lose $1 or gain $4,999. (the winning prize is $5,000, but your $1 bet is not returned, so the net gain is $4,999.) the game is played by selecting a four-digit number between and . what is the probability of winning? if you bet $1 on 1234, what is the expected value of your gain or loss?