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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 -

    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)

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