SOLUTION: You bet $7 on a local race being held for charity. The payoff odds given by the charity event are 12:1. Find your net profit for winning your bet in the race.
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Question 1036332: You bet $7 on a local race being held for charity. The payoff odds given by the charity event are 12:1. Find your net profit for winning your bet in the race.
Answer by Aldorozos(172) (Show Source): You can put this solution on YOUR website!
If you win for every dollar you get 12 dollars. Considering that you bet 7 dollars you get 12*7
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