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Problems dealing with various probabilities, be it coin tossing or game winning.
Difficulty: 3 of 5 Latest: Taking the Long Shot Rating: 5.00
Right before the fifth race at Santa Anita, the word got out that one of these horses was going to win the race:
Lightning Bolt: a 2-1 shot
Golden Honey: a 3-1 shot
Matchmaker: a 4-1 shot

Assuming this tip is true, how much would Alex have to bet on each of the three horses to be assured of coming out with a $39 profit?

(Solution Posted, 1 Comments) Submitted on 2024-03-18 by K Sengupta   
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