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 Taking the Long Shot (Posted on 2013-07-16)
Right before the fifth race at Santa Anita, the word got out that one of the three horses was going to win the race: Lightning Bolt, a 2-1 shot; Golden Honey, a 3-1 shot; or Matchmaker, a 4-1 shot.

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

 No Solution Yet Submitted by K Sengupta Rating: 3.0000 (1 votes)

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 Easy money (spoiler) | Comment 1 of 3
Lightning Bolt pays \$3 on a \$1 bet
Golden Honey pays \$4 on a \$1 bet
Matchmaker pays \$5 on a \$1 bet

The Least common multiple of 3,4 and 5 is \$60, which we can guarantee by betting \$20, \$15 and \$12, respectively, on the 3 horses.  Thus \$47 gives us a \$13 profit, if we know that one of these horses will win.  Since we want a \$39 profit, just triple the bets:

\$60 on Lightning Bolt, \$45 on Golden Honey, and \$36 on Matchmaker returns \$180 for a \$141 bet.

 Posted by Steve Herman on 2013-07-16 14:23:07

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