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In the game of​ roulette, when a player gives the casino $21 for a bet on the number 33​, the player has a 37/38 probability of losing $21 and a 1/38 probability of making a net gain of $735.​(The prize is ​$756​, but the​ player's $21 bet is not​ returned, so the net gain is $735​.) If a player bets $21 that the outcome is an odd​ number, the probability of losing ​$21 is 20/38 and the probability of making a net gain of $21 is 18/38. ​(If a player bets $21 on an odd number and​ win, the player is given ​$42 that includes the​ bet, so the net gain is $21​.)

If a player bets $21 on the number 33​, what is the​ player's expected​ value?

The expected value is _______ dollars. (round to the nearest cent as needed)

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User Sstn
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User Manoj Patil
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