If a R1 bet is placed on ‘1st 12’ – i.e. a bet covering the numbers 1 to 12 – what would
the pay-out for a win have to be in order for this to be a fair game? Round your
answer to the nearest cent.
8. Unfortunately, casino games are not fair. Roulette is designed that such that the
casino makes a profit. What is the house advantage in European Roulette? (Express
your answer as a % win for the house, correct to three decimal places. Do not enter
the % sign)