one thought - why doesn't the decimal chance total add up to 1.00?

I am talking to myself here, and worse still, I don't know the answers. I do love maths sometimes though. Great challenge for the mind. Really makes it stretch.

Actually, they do add up to one. The chances of each combination do. Problem is there were some dead heats, which I didn't account for.

BRB

OK with dead heats accounted for, these are the decimals:

A - 0.53
B - 0.41
C - 0.06

and odds therefore are a matter of dividing those into 1, because those add up to 1.

For those who couldn't be bothered, however, here is one I prepared earlier:

ODDS

A - $1.89
B - $2.45
C - $15.75

OK - I reckon that is RIGHT. I reckon, given those outcomes, those are the TRUE ODDS of each of those jockeys WINNING the jockey challenge.

SIGH!

Thoughts, anyone?

I am going to get a glass of red.

Having a good conversation with yourself???

Now that you've had your Cab Sav, can you put it all in a nutshell so I can win some money?

Mugwump yeah not really. Would need to write the program bigger. Wrote it merely for the possibilities only of this example.

Oh yeah, and it's shiraz.

Duritz

Don't you worry Buddy.
I'll make up for the mess during the Footy season.

Most likely because of a slight hiccup!
Or the vine expelling some of those fermented gasses!

Yes my good man.You are spot on.
Prices being quite close to the original starting prices of the mounts.
And that,boys and girls is how it is done.
So with 8 races of 12 starters each,the permutations are somewhat daunting.
Can I borrow your calculator Filante?