Mike went to the casino and bet 7 on 9 of a game which
Question: Mike went to the casino and bet $7 on #9 of a game which p(winning) =1/42 the payoff -odds is 154:4 Find
a) the prize
B) the odd-against that bet
C) is he better off with that bet or a bet on a small lotto which expected -value is 0.4
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