Racetracks quote the approximate odds against each horse winning on a large board called a tote board.
Question:
Racetracks quote the approximate odds against each horse winning on a large board called a tote board. The odds quoted on a tote board for a race with four horses are as follows.
Horse Number Odds
2 . . . . . . . . . . . . . . . . . . . . . . 15 : 1
3 . . . . . . . . . . . . . . . . . . . . . . 1 : 1
4 . . . . . . . . . . . . . . . . . . . . . . 3 : 1
5 . . . . . . . . . . . . . . . . . . . . . . 13 : 3
Determine the probability of each horse winning the race.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
A Survey Of Mathematics With Applications
ISBN: 9780135740460
11th Edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Question Posted: