A bet is said to carry 3 to 1 odds if you win $3 for each $1

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A bet is said to carry 3 to 1 odds if you win $3 for each $1 you bet. What must the probability of winning be for this to be a fair bet?

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Elementary Probability For Applications

ISBN: 9780521867566

1st Edition

Authors: Rick Durrett

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Question Posted: Jan 12, 2024 04:00 AM

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A bet is said to carry 3 to 1 odds if you win $3 for each $1

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Elementary Probability For Applications

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