Find the probabilities of winning or losing when betting $5 on 12. What is the probability of losing money when betting $5 on 12? (Express your answer as a decimal rounded to the nearest ten-thousandth.)
Roulette is a casino game in which players may choose to place bets on either a single number, a range of numbers, red or black, odd or even, or other outcomes. Consider the amount of money won/lost when betting $5 on 12. Find the probabilities of winning or losing when betting $5 on 12. What is the probability of losing money when betting $5 on 12? (Express your answer as a decimal rounded to the nearest ten-thousandth.)
Find the probabilities of winning or losing when betting $5 on 12. What is the probability of losing money when betting $5 on 12? (Express your answer as a decimal rounded to the nearest ten-thousandth.)