One option in a roulette game is to bet $8 on red. there are 18 red compartments, 18 black compartments, and two compartments that are neither red not black. if the ball lands on red, you get to keep the $8 you paid to play the game and you are awarded $8. if the ball lands elsewhere, you are awarded nothing and the $8 bet is collected.

what is the expected value for playing roulette if you bet $8 on red? round your answer to the nearest cent.

The solution would be like this for this specific problem:

(8*18 + -8*20) / 38 

= -0.421

The expected value for playing roulette if you bet $8 on red is -$0.42.

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step-by-step explanation:

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