SOLUTION: Please someone help be solve this problem I am lost need the step by step solution.
The odds against Lightning winning the third race are 9:4. If Sally places an $8 bet on Light
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The odds against Lightning winning the third race are 9:4. If Sally places an $8 bet on Light
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Question 211219: Please someone help be solve this problem I am lost need the step by step solution.
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.
A)$2.25 B)$36 C)$18.00 D)$9.00 E)$72 Answer by Theo(13342) (Show Source):
You can put this solution on YOUR website! 9:4 odds means you will win 9/4 * your bet.
you get your money back plus that.
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you bet $8.00
you win 9/4 * $8.00 = $18.00.
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you get back $18.00 + $8.00 = $26.00
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Your net winnings are $18.00
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it is explained at this website address:
http://www.ultimatecapper.com/tote-board.htm
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