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ryobu ryobu
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8 years ago
If a game were "fair," the payoff on a bet would be the same as the odds for the event. In one game, the odds for winning are 1:13. If the game were "fair," what would the payoff be for a $5 bet? Of course, games in casinos are designed to make a profit for the casino investors. Supposing the casino makes the payoff at 1:11 odds, what profit does the casino make on your winning bet?
Textbook 
Government in America: People, Politics, and Policy

Government in America: People, Politics, and Policy


Edition: 15th
Authors:
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- Enrolled in an AP law course
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YogaLeeYogaLee
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8 years ago
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danxx,  bio_man

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Educator
2 years ago
This should help:

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