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Good afternoon,
Please help me?
If there are 12 horses in a race what are the odds of selecting the exact finishing order of all 12 horses?
Could you please give me a formula to calculate any other odds also?
As in, 10 horses, 7 horses or other numbers of horses.
Thank you in anticipation.
Regards
Faye
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(a) 12 horses. Want to find the probability of guessing right order for all 12 horses.
In all, there are 12! = 12*11*10* . . . * 3*2*1 = 479001600 different finishing orders.
Of them, only one order is winning.
Therefore, the probability to guess the winning order is P = = = 2.08768E-09,
which is very small number.
In terms of odds, the odds to guess the winning order correctly are 1 against 479001600-1 = 47900159.
(b) 12 horses. Want to find the probability of guessing right order for some particular 10 horses.
Again, there are 12! = 12*11*10* . . . * 3*2*1 = 479001600 different finishing orders.
Winning orders are those, where these particular 10 horses finish in the assigned order,
while 12-10 = 2 horses can finish in any arbitrary order among remaining positions.
So, the number of winning orders is 2! = 2 (two last horses finish in any order among remaining positions).
Therefore, the probability to guess the winning order is P = = = 4.17535E-09,
which is also very small number.
In terms of odds, the odds to guess the winning order correctly are 2 against 479001600-2 = 47900158.
(c) 12 horses. Want to find the probability of guessing right order for some particular 7 horses.
Again, there are 12! = 12*11*10* . . . * 3*2*1 = 479001600 different finishing orders.
Winning orders are those, where these particular 7 horses finish in the assigned order,
while 12-7 = 5 horses can finish in any arbitrary order among remaining positions.
So, the number of winning orders is 5! = 5*4*3*2*1 = 120 (5 last horses finish in any order among remaining positions).
Therefore, the probability to guess the winning order is P = = = 2.50521E-07,
which is still very small number.
In terms of odds, the odds to guess the winning order correctly are 120 against 479001600-120 = 479001480.
Thus you have now standard templates on how to make reasoning and
how to calculate the probabilities and the odds in any other appropriate case.