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13 October, 23:03

Suppose you are playing a game of chance. If you bet $5 on a certain event, you will collect $115 (including your $5 bet) if you win. Find the odds used for determining the payoff.

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  1. 13 October, 23:17
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    if 23 people put in $5 you get $115 as a total.

    so 1:23 are the odds
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