document.write( "Question 199665: I study hard for this quiz and I still got it wrong please explain. help help \r
\n" ); document.write( "\n" ); document.write( "The odds against Lightning winning the third race are 9:4. If Sally places an $8 bet on Lightning to win and Lightning wins, find Sally’s net winnings
\n" ); document.write( "

Algebra.Com's Answer #150073 by solver91311(24713)\"\" \"About 
You can put this solution on YOUR website!
\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "When odds are expressed as A:B, that means for every B units of money that you stake, you will get a return of A units, plus your original stake as a payout. So for every dollar you bet on Lightning, you get of a dollar in winnings plus the original amount you bet:\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "But, the question asked what were the net winnings. That means how much more does Sally have than she did before she made the bet? So take the $26 payout and subtract the $8 original bet leaving a net gain of $18.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "John
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "
\n" );