?Expected Value of Three-Card Poker A popular casino table game is three-card poker. One aspect of the game is the “pair plus” bet in which a player is
Chapter 6, Problem 4(choose chapter or problem)
Expected Value of Three-Card Poker A popular casino table game is three-card poker. One aspect of the game is the “pair plus” bet in which a player is paid a dollar amount for any hand of a pair or better, regardless of the hand the dealer has. The table shows the profit and probability of various hands of a player playing the $5 pair plus bet.
(a) What is the expected profit when playing the $5 pair plus bet in three card poker.
(b) If you play the game for 4 hours with an average of 35 hands per hour, how much would you expect to lose?
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