Problema Solution
If the odds of winning a raffle are 18:208, what is the probability of winning?
Answer provided by our tutors
If the odd of winning are 18:208, that means that you would win 18 draws and lose 208 draws out of a total of 208 + 18 = 226 draws. The probability of winning the raffle is then 18 / 226, because you would expect to win 18 of the 226 draws.