Question

2. You decide to play roulette and place a bet of $20 on the same number for 100 consecutive

spins of the wheel. Each time you bet, you have a 1/38 chance of winning, and if you win, you

receive a payout of 35 to 1. If you lose, you lose your bet. What is the expected change in your

fortune after playing 100 rounds?. Choose the closest.

(A) $100

(B) 0 (break-even)

(C) -$1.5

(D) -$100

(E) -$150

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