(Steps Shown) An American style roulette wheel has individual compartments for the numbers 1 to 36, plus 0 and 00. If the payoff for a single-number bet is


Question: An American style roulette wheel has individual compartments for the numbers 1 to 36, plus 0 and 00. If the payoff for a single-number bet is 35:1, what is the expected value of the winnings on any single-number bet?

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