Cost of the game: $50
2 players
A player can either bet 10 or 20 dollars
The winner will gain $50 and the additional amount they bet and vice versa for losers (lose $50 and the amount they bet)
The player that rolls the higher dice wins (each player rolls only 1 dice)
If both players roll the same dice, they both lose the amount they bet
The player with the most money at the end will win.
The winner at the end receive the money they earned and an additional $50.
For example:
If a player places a $20 bet, they have a chance of winning or losing $20.
If a player places a $10 bet, they have a chance of winning or losing $10.
Made this game but can someone point me in the right direction?: Is this a binomial/discrete distribution and how to calculate theoretical/experimental probability distributions, and expected value. Please and Thanks, I am unsure. Can someone link me to a similar game to this?
2 players
A player can either bet 10 or 20 dollars
The winner will gain $50 and the additional amount they bet and vice versa for losers (lose $50 and the amount they bet)
The player that rolls the higher dice wins (each player rolls only 1 dice)
If both players roll the same dice, they both lose the amount they bet
The player with the most money at the end will win.
The winner at the end receive the money they earned and an additional $50.
For example:
If a player places a $20 bet, they have a chance of winning or losing $20.
If a player places a $10 bet, they have a chance of winning or losing $10.
Made this game but can someone point me in the right direction?: Is this a binomial/discrete distribution and how to calculate theoretical/experimental probability distributions, and expected value. Please and Thanks, I am unsure. Can someone link me to a similar game to this?
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