what were my odds if i did minimum bet of 30 cents, won $750?

panellatodd

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If i gambled the minum bet of .30 cents and won 750.00 dollars in one pull, how much would i have won if i gambled the maxium bet of 3.00 dollars per pull?
 
I'm guessing we're meant to assume that this game as a constant payoff:bet ratio. That is to say, if a specific game always has a 2:1 ratio, a bet of $1 would win $2, a bet of $5 would win $10, etc. So, given that a bet of "0.30 cents" results in a payoff of $750, what would be the ratio? Then you're asked to consider a bet of $3. How many times more did you bet in this scenario? So what would you expect to win, given that the ratio didn't change? As an additional hint, consider that 0.30 cents is not the same as 0.30 dollars. If you don't understand why this is the case, don't worry - you can always pursue a career at Verizon ;)
 
If you mean 0.30 dollars= 30 cents (they don't make 0.30 cent coins!) then $3.00 is 10 times that so your payoff would be 10 times $750.
 
If i gambled the minum bet of .30 cents and won 750.00 dollars in one pull, how much would i have won if i gambled the maxium bet of 3.00 dollars per pull?
Thirty feet = 30 feet, thirty hours = 30 hours, thirty days = 30 days. So thirty cents = 30 cents, NOT .30 cents. .30 is less than 1 so .30 cents is less than 1 cent. I doubt that the minimum bet was .30 cents.

So why do so many people make this mistake? The answer is that 30 cents = $.30. Just be careful and always know that cents and dollars are not the same. For example .30 cents is not the same as .30 dollars or $.30

Back to your question and using 30 cents wins you $750. You are to assume that every time you bet 30 cents you win $750.

Sins $3 = 10*30cents you should win 10*$750 = .....

Since you asked for odds you have 30 cents:$750. Now the odds do NOT change if you multiply both numbers by 10. So 10*30cents = 10*$750 or $3:????
 
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