The American roulette
wheel has 38 slots numbered 00, 0, and 1-36. Slots 00 and 0 are green. Half of
the slots numbered 1-36 are red and half are black. The experiment consists of
rolling a ball in a groove in the wheel; the ball eventually falls randomly
into one of the 38 slots. The roulette wheel is shown in the left graph panel;
the ball is shown on each update.
One of seven different bets can be
selected from the list box: On each update, the outcome X is shown graphically
in the first panel and recorded numerically in the first table. Random variable
W gives the net winnings for the chosen bet; this variable is recorded in the
first table on each update. The density function and moments of W are shown in
blue in the distribution graph and are recorded in the distribution table. On
each update, the empirical density and moments of W are shown in red in the
distribution graph and are recorded in the distribution table.
- Bet on 1. This is an example of a straight bet, a bet on
a single number. The bet pays 35:1.
- Bet on 1, 2. This is an example of a split bet, a bet on
2 numbers. The bet pays 17:1
- Bet on 1, 2, 3. This is an example of a row bet, a bet on
3 numbers. The bet pays 11:1.
- Bet on 1, 2, 4, 5. This is an example of 4-number bet,
and pays 8:1.
- Bet on 1-6. This is an example of a 2-row bet, a bet on 6
numbers. The bet pays 5:1.
- Bet on 1-12. This is an example of a 12-number bet, and
pays 2:1.
- Bet on 1-18. This is an example of an 18-number bet, and
pays 1:1.
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