Question

If your expected value when playing a $1 game of chance is -$0.06. How much should you have netted after playing the game 130 times?
about $122.20
about $7.80
about -$122.20
about -$7.80
about $0.00

Answer 1

You know that you expect to <i>lose</i> about 6% for any amount you played, assuming you played enough to be close to the expected value.

How much is losing 6% of $130?