Algebra -> Probability -and-statistics -> SOLUTION: The odds against a horse winning a race are 8:5. Find the probability that the horse will win the race? Log On.
All payoff odds are based on a $2 wager. takeout percentage in the following cases, given that said client has the exact ticket and the track payout of the race.
You're betting on horse races and want to know how much your winning bet will give you. To compute your $2 win price, take the odds of your horse and multiply the first number by 2, divide that by the 1/9, 8/5, 7/1.
Casino: 8//5 odds race horse
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