In the game of roulette, a player can place a $4 bet on the number 23 and have a StartFraction 1 Over 38 EndFraction probability of winning. If the metal ball lands on 23, the player gets to keep the $4 paid to play the game and the player is awarded an additional $140. Otherwise, the player is awarded nothing and the casino takes the player's $4. What is the expected value of the game to the player? If you played the game 1000 times, how much would you expect to lose?
