4.137 Odds bets at craps. Refer to the odds bets at craps in Exercise 4.131. Suppose that whenever the shooter has an initial roll of 4, 5, 6, 8, 9, or 10, you take the odds. Here are the probabilities for these initial rolls:
Point | 4 | 5 | 6 | 8 | 9 | 10 |
Probability | 3/36 | 4/36 | 5/36 | 5/36 | 4/36 | 3/36 |
Draw a tree diagram with the first stage showing the point rolled and the second stage showing whether the point is again rolled before a 7 is rolled. Include a first-stage branch showing the outcome that a point is not established. In this case, the amount bet is zero and the distribution of the winnings is the special random variable that has P (X = 0) = 1. For the combined betting system where the player always makes a $10 odds bet when it is available, show that the game is fair.