Mathematics, 24.10.2019 18:43 ghernadez

According to the daily racing form, the probability is about 0.67 that the favorite in a horse race will finish in the money (first, second or third place). suppose that you always bet the favorite "across the board", which means that you win something if the favorite finishes in the money. what probability distribution describes the number of races that you bet until you win something three times?

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