In the game of roulette, a player can place a $8 bet on the number 34 and have a 1/38 probability of winning. If the metal ball lands on 34, the player gets to keep the $8 paid to play the game and the player is awarded an additional $280. Otherwise, the player is awarded nothing and the casino take the player's $8. What is the expected value of the game to the player? If you played the game 1000 times, how much would you expect to lose? Note that the expected value is the amount, on average, one would expect to gain or lose each game.