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What is probability a horse will win a race if it has odds of 5 to 1?
Wiki User
∙ 9y ago
5 to 1 to win means the probability of actually winning is 1 to 5, or 0.2. The larger the payout, the longer (or poorer) the odds.
Actually, 5 to 1 means 1 chance in 6 or 16.7%. Of course, race track odds may not be the true probablity of winning.
Wiki User
∙ 9y ago
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If the odds in favor is one to fifteen for winning a door prize then what is the probability of winning a door prize?
you have a 1/15 chance to win. or you could say a 6.66 % chance.
How is Probability used in the gambling industry?
It depends on what you mean, but here is a basic description of how it works. Payouts in gambling games are based on the probability of winning, but the payout is less than the true probability of winning. Just as a basic example, the odds of rolling a 12 in the game Craps is 1 in 36, but if bet on the 12 and win, you only win 30 times the amount bet. So basically, you would have to make a $1 bet 36 times to win $30.
What do you win if the odds are 5 to 2?
When the odds are 5 to 2, if you bet $2 on something and win then you will receive $7 The $2 you bet and the $5 you won.
What is the probability of winning at Blackjack?
You cant win
How will probability help me in life?
Probability is everywhere! If you are entering a raffle, wouldn't you like to know what the probability of you winning is? Or perhaps the lottery? If you need to pick a certain color marble out of a bag of marbles to win a prize, wouldn't you like to know the probability of picking the winning color? Probability is everywhere and can help you in life.
What is the probability that you will win if you buy one of 200 raffle tickets to win a television?
The odds are 1 in 200. The probability of winning is 0.005.
If the odds in favor of Rangers winning the game are 7 to 5 what is the probability that they will win?
The probability is 0.416667 or 41.67%
What are the odds Dallas Cowboys will win the super bowl 3 to 1. compute probability?
For 3 to 1 odds of winning;Probability of winning:0.25, or;Chance of winning:25%
How do break a maiden race horse?
Win a race
What is a black horse in horse racing betting?
It means a horse that is not likely to win, or that the odds are stacked against him.
When a horse win what is the third race horse called name?
This is the show horse. Win, place and show.
If you bet twenty dollars on a horse that has 7 to one odds how much would you win if the horse won the race?
When you cashed your ticket you would receive $160 -- $140 in winnings along with your original $20 bet.
What is the definition of what are the odds?
The Chances. Ex: What are the Chances that I will be rich tomorrow? The odds are most likely to be high, if I have no plan to get there. That's pretty much what odds mean. ** this originates from gambling...especially gambling on horses (though the same practices apply to other kinds of racing betting and also betting on sporting events, I believe....and possibly roulette, though those are fixed odds). Before a horse race when people are placing bets, the different horses in the race will have different 'odds' -- the amount of pay off a bettor will get if his chosen horse wins...horses likely to win are those good to bet on due to the probability of them finishing first (or placing if that is what you are betting on) but have lower odds -- for example, a horse with a very good record might have odds of 1 to 1 or 2 to 1 (i think that's right) which means that if you bet a dollar and the horse won, you would get what you bet or get twice what you be (so you would end with 2 or 3 dollars). The odds are much greater on horses unlikely to win...so if they DO somehow cross the finish line first you will get a huge payoff (sometimes 100 or 1000 to one)...but the probability of winning that money is very low. "Long odds". A slim chance. Therefore, 'what are the odds' is reference to a gambler asking a bookie what kind of payoff a certain racer has, to try and figure out how much to bet, how much they might win, and if it's a good bet to make.
What is the probability that a team will win the a game if the reported odds are a to b?
It depends on whether the odds are in favour or against. Generally, the odds refer to a wins versus b losses. That is a wins out of a total number of a+b outcomes and so a probability of winning = a/(a+b).
What is the farthest distance a race horse has come from behind to win?
The farthest distance a race horse has come from behind to win is great. This horse went from last place to first place.
Did a horse called Fen Terrier win a horse race?
Not that I've heard of.
Who was the first to win a horse race?
A cave man.
