You want to risk $100 on a bet that pays 2:3 (-150). How much will you win, risking $100?
Correct Answer: $150
Your Answer: $66.67
Explanation:
100 * odds (2/3) = 66.67. Another way to calculate this using moneylines: 100 * ( -100 / ml ) Or 100 * (- 100 / -150)
Your group of friends entered a partnership where each of you had a 1/4th stake. Each partner made $1000 during the season. Right before you share the money, one partner was elected as a government official, and said the other partners can keep his money. How much more money do you keep than in the original agreement?
Correct Answer: $1000
Your Answer: $333.33
Explanation:
The extra money is $1000 divided 3 ways. $1000 / 3 = 333.33.
Correct Answer: $150
Your Answer: $66.67
Explanation:
100 * odds (2/3) = 66.67. Another way to calculate this using moneylines: 100 * ( -100 / ml ) Or 100 * (- 100 / -150)
Your group of friends entered a partnership where each of you had a 1/4th stake. Each partner made $1000 during the season. Right before you share the money, one partner was elected as a government official, and said the other partners can keep his money. How much more money do you keep than in the original agreement?
Correct Answer: $1000
Your Answer: $333.33
Explanation:
The extra money is $1000 divided 3 ways. $1000 / 3 = 333.33.