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  • Jan 31, 2011, 09:25 AM
    Leshan
    Probability
    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?
  • Jan 31, 2011, 11:18 AM
    galactus

    The horse loses 5 times for every 3 it wins. Thus, the probability it loses is 5/(5+3)=5/8. So, what is the probability it wins?

    If you have odd in the form a:b

    The probability of 'a' occurring is



    the probability of 'b' then occurring is 1-P

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