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What is the expected amount you win

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Reference no: EM131639361

Question: More Pick 4. Just as with Pick 3, you can make more elaborate bets in Pick 4. In the $1 StraightBox (24-way) bet, if you choose 1234 you win $2604 if the randomly chosen winning number is 1234 and you win $104 if the winning number has the digits 1, 2, 3, and 4 in any other order. What is the expected amount you win?

Reference no: EM131639361

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