Casino problem Similar to Roulette

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Consider a Setup similar to roulette , but here we have 1-36 numbers.
Where Number 12,24 and 36 gives 17 Times , but rest of the numbers gives 34 times amount that is bid on number.



While the calculation of Casino house edge, I am having doubt at my way of calculation



As the probability of getting a number is 1/36 in Idle setup.
Now if we bid on the number which is one of the 33 number(one that returns 34 times), the probability is (1/33)



house edge would be (1/33)*34-(32/33)



Now if we are bidding on one of the number that returns 17 times ie . 12 ,24 and 36



Then would the house edge be (1/3)* 17 -(2/3)



I am bit doubtfull of my calculation , can someone suggest or confirm about my steps of house edge calculation.




probability




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  • Why would anybody ever bet on $12$ or $24$ or $36$?
    – Henry
    yesterday










  • i do agree with you , but if it is there then can you tell me what i am doing is right in calculations.To make problem more biased to these three number , say if person gets 12 then he or she wins 34 times plus 17 time the bid.
    – Anup Bali
    yesterday











  • Say person gets 12 or 24 or 36 , he or she wins 34 plus 17 times the bid
    – Anup Bali
    23 hours ago














up vote
1
down vote

favorite












Consider a Setup similar to roulette , but here we have 1-36 numbers.
Where Number 12,24 and 36 gives 17 Times , but rest of the numbers gives 34 times amount that is bid on number.



While the calculation of Casino house edge, I am having doubt at my way of calculation



As the probability of getting a number is 1/36 in Idle setup.
Now if we bid on the number which is one of the 33 number(one that returns 34 times), the probability is (1/33)



house edge would be (1/33)*34-(32/33)



Now if we are bidding on one of the number that returns 17 times ie . 12 ,24 and 36



Then would the house edge be (1/3)* 17 -(2/3)



I am bit doubtfull of my calculation , can someone suggest or confirm about my steps of house edge calculation.




probability




share|cite|improve this question



















  • Why would anybody ever bet on $12$ or $24$ or $36$?
    – Henry
    yesterday










  • i do agree with you , but if it is there then can you tell me what i am doing is right in calculations.To make problem more biased to these three number , say if person gets 12 then he or she wins 34 times plus 17 time the bid.
    – Anup Bali
    yesterday











  • Say person gets 12 or 24 or 36 , he or she wins 34 plus 17 times the bid
    – Anup Bali
    23 hours ago












up vote
1
down vote

favorite









up vote
1
down vote

favorite











Consider a Setup similar to roulette , but here we have 1-36 numbers.
Where Number 12,24 and 36 gives 17 Times , but rest of the numbers gives 34 times amount that is bid on number.



While the calculation of Casino house edge, I am having doubt at my way of calculation



As the probability of getting a number is 1/36 in Idle setup.
Now if we bid on the number which is one of the 33 number(one that returns 34 times), the probability is (1/33)



house edge would be (1/33)*34-(32/33)



Now if we are bidding on one of the number that returns 17 times ie . 12 ,24 and 36



Then would the house edge be (1/3)* 17 -(2/3)



I am bit doubtfull of my calculation , can someone suggest or confirm about my steps of house edge calculation.




probability




share|cite|improve this question











Consider a Setup similar to roulette , but here we have 1-36 numbers.
Where Number 12,24 and 36 gives 17 Times , but rest of the numbers gives 34 times amount that is bid on number.



While the calculation of Casino house edge, I am having doubt at my way of calculation



As the probability of getting a number is 1/36 in Idle setup.
Now if we bid on the number which is one of the 33 number(one that returns 34 times), the probability is (1/33)



house edge would be (1/33)*34-(32/33)



Now if we are bidding on one of the number that returns 17 times ie . 12 ,24 and 36



Then would the house edge be (1/3)* 17 -(2/3)



I am bit doubtfull of my calculation , can someone suggest or confirm about my steps of house edge calculation.





probability





share|cite|improve this question










share|cite|improve this question




share|cite|improve this question









asked yesterday









Anup Bali

92




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  • Why would anybody ever bet on $12$ or $24$ or $36$?
    – Henry
    yesterday










  • i do agree with you , but if it is there then can you tell me what i am doing is right in calculations.To make problem more biased to these three number , say if person gets 12 then he or she wins 34 times plus 17 time the bid.
    – Anup Bali
    yesterday











  • Say person gets 12 or 24 or 36 , he or she wins 34 plus 17 times the bid
    – Anup Bali
    23 hours ago
















  • Why would anybody ever bet on $12$ or $24$ or $36$?
    – Henry
    yesterday










  • i do agree with you , but if it is there then can you tell me what i am doing is right in calculations.To make problem more biased to these three number , say if person gets 12 then he or she wins 34 times plus 17 time the bid.
    – Anup Bali
    yesterday











  • Say person gets 12 or 24 or 36 , he or she wins 34 plus 17 times the bid
    – Anup Bali
    23 hours ago















Why would anybody ever bet on $12$ or $24$ or $36$?
– Henry
yesterday




Why would anybody ever bet on $12$ or $24$ or $36$?
– Henry
yesterday












i do agree with you , but if it is there then can you tell me what i am doing is right in calculations.To make problem more biased to these three number , say if person gets 12 then he or she wins 34 times plus 17 time the bid.
– Anup Bali
yesterday





i do agree with you , but if it is there then can you tell me what i am doing is right in calculations.To make problem more biased to these three number , say if person gets 12 then he or she wins 34 times plus 17 time the bid.
– Anup Bali
yesterday













Say person gets 12 or 24 or 36 , he or she wins 34 plus 17 times the bid
– Anup Bali
23 hours ago




Say person gets 12 or 24 or 36 , he or she wins 34 plus 17 times the bid
– Anup Bali
23 hours ago















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