Theo has a fundraising idea for Rahui Sports Club. He will get punters to pay $2.00 to roll 2 dice. If they roll a double 1,2,3,4,5,6 they will double their money.If they don’t his cause is $2.00 richer.
Will his idea be profitable and what might he need to consider.
You must justify your thinking through showing how you worked this out...
If you roll a double then you get $2 more
And if you get a non double he would get more money
If the other player gets a double then you owe that person $2