Results 1 to 3 of 3

Math Help - Odds and Payoffs

  1. #1
    Newbie
    Joined
    May 2010
    Posts
    2

    Odds and Payoffs

    Ok here is the problem

    Lets think of this in terms of horse racing...

    If you have
    8 selections that have odds of 35/1
    9 selections that have odds of 17/1
    2 selections that have odds of 11/1
    1 selection that has odds of 8/1

    What amount must you wager on each horse to earn a profit every single time? Is it possible? I am not good with math at all. Any help would be much appreciated. Thanks in advance
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Super Member Anonymous1's Avatar
    Joined
    Nov 2009
    From
    Big Red, NY
    Posts
    517
    Thanks
    1
    Quote Originally Posted by dumbINmath View Post
    Ok here is the problem

    Lets think of this in terms of horse racing...

    If you have
    8 selections that have odds of 35/1
    9 selections that have odds of 17/1
    2 selections that have odds of 11/1
    1 selection that has odds of 8/1

    What amount must you wager on each horse to earn a profit every single time? Is it possible? I am not good with math at all. Any help would be much appreciated. Thanks in advance
    Theorem
    You can't beat a fair game.

    Theorem
    You can expect to lose an unfair game.
    Follow Math Help Forum on Facebook and Google+

  3. #3
    Newbie
    Joined
    May 2010
    Posts
    2
    So are you saying that it cant be done?

    What about this......

    6 selections that are 35/1
    10 selections that are 17/1
    3 selections that are 11/1

    would it be possible then?
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. bookies odds vs real odds
    Posted in the Statistics Forum
    Replies: 10
    Last Post: February 18th 2011, 05:49 PM
  2. Odds?
    Posted in the Statistics Forum
    Replies: 1
    Last Post: January 4th 2011, 10:22 PM
  3. Odds
    Posted in the Statistics Forum
    Replies: 2
    Last Post: October 29th 2010, 04:32 PM
  4. odds
    Posted in the Statistics Forum
    Replies: 1
    Last Post: January 1st 2009, 02:07 AM
  5. Help with odds
    Posted in the Advanced Statistics Forum
    Replies: 0
    Last Post: December 12th 2005, 02:58 PM

Search Tags


/mathhelpforum @mathhelpforum