If the odds on a bet are 7:1 against, what is the probability of winning? Express your answer as a fraction.

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02-07-2022
Mathematics

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If the odds on a bet are 7:1 against, what is the probability of winning? Express your answer as a fraction.

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ap8997154 ap8997154 · Answer 1 · 2022-07-05T01:42:50-04:00

Probability helps us to know the chances of an event occurring. The probability of winning the bet is 0.125.

What is Probability?

Probability helps us to know the chances of an event occurring.

[tex]\rm Probability=\dfrac{Desired\ Outcomes}{Total\ Number\ of\ outcomes\ possible}[/tex]

Given the odds on a bet are 7:1, therefore, there are a total of 8 cases out of which only one case is of winning. Thus, the probability of winning the bet will be,

Probability = 1/8 = 0.125

Hence, the probability of winning the bet is 0.125.

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What is Probability?

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