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The odds on​ (against) your bet are 5 to 4. if you bet ​$16 and​ win, how much will you​ gain?
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5 votes
The odds on​ (against) your bet are 5 to 4. if you bet ​$16 and​ win, how much will you​ gain?

User Anthony Roy
by
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1 Answer

5 votes
Odds = 5/4 = 1.25
Bet amount = $16

If a player winds,
Amount won = Odd*Bet amount

Substituting for the values given,
Amount to win = 1.25*16 = $20
User Andrei G
by
8.0k points
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