February 11th, 2010 at 10:36:13 AM
permalink
If you have six competitors with the favourite's odds being 3.0 and the second favourite's odds being 4.0, what is the probability of the favourite and the second favourite finishing in that exact order?
The implied chance of each winning would be 33% for the favourite and 25% for the second favourite. I am not sure what the calculation would be.
Thanks! :-)
-SilkBC
The implied chance of each winning would be 33% for the favourite and 25% for the second favourite. I am not sure what the calculation would be.
Thanks! :-)
-SilkBC