kingoftherapid wrote: » you put 100 that he will win it and you get back 450. you put 800 that he wont win and you get back 900. which is 100 dollar profit
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you put 800 that he wont win and you get back 900. which is 100 dollar profit
Almost correct, but i think you misspoke on the first one. Bet $100 to win $450, so you would get back $550.
To put it in horseracing terms, the "Yes" is 9/2, while the "No" is 1/8.