One Saturday afternoon, as Jack, now a full-fledged member, entered the\nSnake Eyes Dice Club in River City, he saw four persons throwing dice at a felt-covered\ntable with Vince, the dealer.<\/p>\n\n\n\n
\u201cWhat\u2019s up today, Vince?\u201d asked Jack.<\/p>\n\n\n\n
\u201cLet me introduce you to Simon, Mary, Seamus and Henry here,\u201d said\nVince.<\/p>\n\n\n\n
Polite hellos and smiles were exchanged.<\/p>\n\n\n\n
\u201cWe\u2019re playing a new game called \u201cFirst Ace,\u201d explained Vince.<\/p>\n\n\n\n
\u201cAnd how does it work, Vince?\u201d<\/p>\n\n\n\n
\u201cWell, each person gets to throw a die in turn and the first one to get\nan ace wins the pot,\u201d explained Vince. \u201cIf nobody throws an ace, I get the pot.\u201d<\/p>\n\n\n\n
\u201cWhat does it cost to play the game?\u201d <\/p>\n\n\n\n
\u201cEach player adds ten dollars to the pot per round, and I add 36 dollars,\u201d\nsaid Vince.<\/p>\n\n\n\n
\u201cInteresting\u2026 Is this an honest game, Vince?\u201d asked Jack, giving a skeptical\nlook.<\/p>\n\n\n\n
\u201cAs honest as most gambling games,\u201d replied Vince with a smug wink.<\/p>\n\n\n\n
\u201cSure, Vince. I\u2019ll be heading for the lounge.\u201d<\/p>\n\n\n\n
Jack walked off, leaving Simon, Mary, Seamus and Henry with worried looks.<\/p>\n\n\n\n
After ten rounds of \u201cFirst Ace\u201d what\nwould you say Vince\u2019s average gain or loss might be?<\/em><\/p>\n\n\n\n What about the average respective\ngains or losses of Simon, Mary, Seamus and Henry after ten rounds?<\/em><\/p>\n\n\n\n Is there any big winner in this\ngame? Or big loser?<\/em><\/p>\nShare this:<\/h3>