Suppose you are a casino owner, and your casino runs a very simple game of chance. the dealer flips a coin. the customer wins $9 from the casino if it comes up heads and loses $10 if it comes up tails. question 1. assuming no one is cheating and the coin is fair, if a customer plays twice, what is the chance they make money?

Step-by-step explanation:

The outcome of the game is

Toss 1               Toss 2      Result

H                         H               18

H                         T                 -1

T                         H                -1

T                         T                -20

His only winning position is H H

That means he has only a 1/4 chance in winning. He shouldn't play at all. It might be a fair coin, but it is not a fair game.