[math] \newcommand{\NA}{{\rm NA}} \newcommand{\mat}[1]{{\bf#1}} \newcommand{\exref}[1]{\ref{##1}} \newcommand{\secstoprocess}{\all} \newcommand{\NA}{{\rm NA}} \newcommand{\mathds}{\mathbb}[/math]

The reader is referred to Example for an explanation

of the various options available in Monte Carlo roulette.

• Compute the expected winnings of a 1 franc bet on red under option (a).
• Repeat part (a) for option (b).
• Compare the expected winnings for all three options.