A race track tote board has the odds for a horse listed as 5 to 3. Tote boards list the odds that a horse will lose the race. If this is the case, what is the probability of the horse winning the race?
how do you start this?
Math - Reiny, Wednesday, January 27, 2010 at 7:57pm
odds that the horse will lose = 5 : 3
so the prob it will lose is 5/8
and the prob it will win is 3/8
odds in favour of some event happening
= prob(the event will happen) : prob(the event will not happen)