In horse race betting, a trifecta bet is one in which you try to pick which horses will finish first, second, and third, in the correct order. If 8 horses are running in a race and you randomly place a trifecta bet, what is the probability of winning the bet

The probability of winning the bet is 1/336

Step-by-step explanation:

We should understand that there is only one possible arrangement of the winning selection

Now, the horse that comes first can be selected in 8 ways given that all the horses have equal chances

The horse that comes second can be selected in 7 ways given that all the horses have equal chances

The horse that comes third can be selected in 6 ways given that all the horses have equal chances

Now the total number of ways of selection would be;

8 * 7 * 6 = 336

Since there is only one of the selections that is correct, the probability of making the correct choice is thus 1/336

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step-by-step explanation: