Raymond B. answered 12/17/20
Math, microeconomics or criminal justice
3+9+25 = 37
chance of gold is 3/37
chance of silver = 9/37
chance of black = 25/37
the expected value of playing this game = a weighted average of the winnings (or losses) multiplied by the odds of winning: (3/37)3 + (9/37)2 + (25/37054)(-1) = 9/37 + 18/37 - 25/37 = 27/37 -25/37 = 2/37 = about 0.054 winnings = $0.054 = 5.4 cents
You will win 5.4 cents each time you play this game, on average.
but the mode is on black. You're more likely to lose (25/37)(-1) about 68 cents on your first time to play
but if you stick it out, and play enough times, you'll average 5.4 cents a game