(All Steps) Finding expected value in craps When you give a casino $5 for a bet on the "pass line" in the game of craps, there is a 244/495 probability that
Question: Finding expected value in craps
When you give a casino $5 for a bet on the "pass line" in the game of craps, there is a 244/495 probability that you will win $5 and a 251/495 probability that you will lose $5. What is your expected value? In the long run, how much do you lose for each dollar bet?
Deliverable: Word Document 
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