SOLUTION: The odds against Lucky Strike winning the third race are 9:4. If Mary places an $8 bet on Lucky Strike and he wins, what are Mary's net winnings?

Algebra ->  Probability-and-statistics -> SOLUTION: The odds against Lucky Strike winning the third race are 9:4. If Mary places an $8 bet on Lucky Strike and he wins, what are Mary's net winnings?      Log On


   

Question 194620: The odds against Lucky Strike winning the third race are 9:4. If Mary places an $8 bet on Lucky Strike and he wins, what are Mary's net winnings?
Answer by edjones(8007) About Me  (Show Source):
You can put this solution on YOUR website!
9-4 means that for every $4 you bet you win 9.
You bet 8 so you win 18.
.
Ed