Question
Assuming the dice is fair, how can we show whether or not this is a good bet for us? Are we expected to make money?
Ou Frend, Bob, ts grepesing tre fallaio t on the roll of a dice Wen x 123 4,5,6 is the outcome of the coll, means payout to vs and means paygaut to bob
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Answer #1

Since the probability of getting 1, is {1over 6} while that of not getting 1 is {5over 6}

So the bet is not good for us.

The expected value of X is

1-2 1-6

So we are expected to lose in this bet

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