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Mathematics, 05.03.2021 17:40 stump76

Show that if the fair chance odds against an event are rfair to 1,then in a bet at payoff odds of rpay to 1 the house percentage is rfair-rpay/rfair + 1 *100%

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Show that if the fair chance odds against an event are rfair to 1,then in a bet at payoff odds of rp...
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