Chance and Data – The Melbourne Cup

Every year, millions of dollars is gambled on the Melbourne Cup. Every year, people lose lots of money on the Melbourne Cup and other horse races around the world. Some people do get lucky and win money.

Today, you are going to get a chance to gamble on the Melbourne Cup (using m&ms only). I will give you all six m&ms. You must use the m&ms to place bets on four different races (race 3, 6, 7 & 10). To win, the horse/s you choose must win their race. If your horse wins you multiply their odds by the amount of m&ms you bet on the horse.

Example – If I bet 1 m&m on Dunaden in the Melbourne cup and it won, I would win 26 m&ms. If I bet 2 m&ms on Dunaden I would win 52 m&ms. I would this amount because I multiply the amount of m&ms by the horse’s odds. Dunaden’s odds are $26, meaning if I bet 1 m&m I multiply 26 x 1, if I bet 2 m&ms I multiply 26 x 2.

The lower the odds, the better chance the horse has of winning. If a horse has high odds, it’s chances of winning are quiet slim. It is all about chance.

Your tasks.
1. How much would I win if I bet 2m&ms on Fiorente in the Melbourne Cup?
2. How much would I win if I bet 3m&ms on Dunaden in the Melbourne Cup?
3. How much would I win if I bet 3m&ms on Mourayan in the Melbourne Cup?
4. You will receive 6 m&ms. You must use all of your m&ms and place one bet on races 3, 6, 7 and 10. You may choose to use 3 m&ms in one race and one m&m in the other three races. It is up to you. Make sure you look at the odds carefully prior to betting. Record your bets in a comment on this post. You must write down the race number, your horse’s number, name, odds, the amount of m&ms your betting and the amount you will if your horse wins. Look at the example below.

EXAMPLE
– Race 7, number 1, Dunaden, odds $26, bet 1m&m, win 26 x 1 = 26.

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30 thoughts on “Chance and Data – The Melbourne Cup

  1. Race 3, number 10, Trajet, odds $14.00, bet 3 m&m’s, win 14 x 3 = 42 m&m’s.
    Race 6, number 5, Politeness, odds $2.00, bet 1 m&m, win 2 x 1 = 2 m&m’s.
    Race 7, number 8, Dandino, odds $9.00, bet 1 m&m, win 9 x 1 = 9 m&m’s.
    Race 10, number 6, Lampedusa, odds $7.00, bet 1 m&m, win 7 x 1 = 7 m&m’s.

  2. Race 7, Dandino,$ 9.00, 2m,n,ms, 9×2=18

    Race 3, mujadale, $15.00,2m,n,ms 2×15=30

    Race 6, moderate, $3.00, 1m,n,m, 1×3=3

    Race10, Sabres, $41.00,1m,n,m 41×1=41

  3. Race 3 horse 9 Mujadle Odds 15$ bet 1m&m win 15m&ms 15×1=15.

    Race 6 horse 3 Moerderate odds 2$ bet 3m&ms win 6 m&ms 3×2=6.

    Race 7 horse 8 Dandio odds 9$ bet 1 m&ms win 9 m&ms 1×9=9

    Race 10 horse 15 Swipeline odds 7$ bet 1m&m win 7 m&ms 1×7=7

  4. 1. Race-3, number-1, Opinion, odds $4.60 bet 1m&m win $5.00
    2. Race-6, number-7, Spirits Dance, odds $31.00 bet 2m&ms win $62.00
    3. Race-7, number-16, Royal Empire, odds $21.00 bet 2m&ms win $42.00
    4. Race-10, number-4, Hosting, odds $7.00 bet 1m&ms win $7.00

  5. Race 3,number 8,raki,13.00,bet 2mms,win 2×13=26
    Race 6,number 3,Moderate,2.20,bet 1mm,win 1×2=2
    Race 7,number 7,dandino,9.00,bet 2mm,win 2×9=18
    Race 10,number 15,swipeline,7.00,bet 1mm,win 1×7=7

  6. Race-3, Number-7, Junoob, Odds $7.00, Bet-1m&m, Win 7 times 1=7
    Race-6, Number-3, Moderate, Odds $3.00, Bet-2m&ms, Win 3 times 2=6
    Race-7, Number-6, Fiorente, Odds $7.00, Bet-2m&ms, Win 7 times 2=14
    Race-10, Number-1, Henwood, Odds $6.00, Bet-1m&m, Win 6 times 1=6
    Bhavica

  7. Race 3 horse 9 Muiadle Odds 15$ Bet one m&m we will win 15 m&m
    15×1= 15.

    Race 6 horse 3 Moderate Odds 2$ bet 3m&ms win 6m&ms
    3×2=6.

    Race 7 horse 8 Dandino Odds 9$ bets 1 m&m win 9m&m 1×9=9

    Race 10 horse 15 Swipeline Odds 7$ bet 1m&m win 7$ 1×7=7

  8. Race 3, number 15, Rowland, 21.00, bet 2 m&ms , win 21 x2 =42
    Race 6 number 8, roop all, 9.00, bet 1 m&m , win 9 x 1 = 9
    Race 7 number 15, mount athos, 8.50, bet 2 m&ms, win 2 x 9 = 18
    Race 10 number 3, the new boy, 11.00, bet 1 m&m , win 11 x 1 = 11

  9. Race3/ number 7/ junoob/ odd $6:50/ bet 2m&m/ win 7.00times 2 =13.00
    Race6 /number5 /politeness /odd 3.30 /bet 1m&m/ win 3.00 times 1= 3.00
    Race7/ number15/ mount athos /odd 8.50/ bet 1m&m/ win 9,00 times 1=9.00
    Race 10 /number15 /swlpeline /odd 7.00/ bet 2m&m/ win 7.00 times 2= 14.00

    Talia whelan

  10. Race 3, number 18, Warwick, odds $15, bet 2 m&ms,win 30 m&ms.
    Race 6 , number 5 , Politeness, odds $3 , bet 2 m&ms, win 6 m&ms.
    Race 7, number 8, Dandino, odds $9, bet 1 m&m, win 9 m&ms.
    Race 10, number 8, such hope, odds 11, bet 11 m&ms, win 11 m&ms

  11. Race 3, number 9, Mujadale, odds $15.00, bet 2m/m, Win 2×15= 30
    Race 7, Number 8, Dandino, Odds $ 9.00, Bet 2/m, Win 2×9=18
    Race 6 , Number 3, moderate, odds $ 2.00, bet 1m/m, Win 1×2=2
    Race 10, number 15, Swipeline, odds $ 7.00, Bet 1m/m, win 1×7=7

  12. Race 7, number 2, Green Moon, odds $26, bet 2 m&ms, win 26 x 2 = 52
    Race 3, number 11 Why Not, odds $26, bet 1 m&ms, win 26 x1 =26
    Race 6,number 3,Moderate, odds $2.00,bet 2 m&ms, win 2 x 3 = 6
    Race 10, number 15, Swipeline, odds $7.00, bet 1 m&ms, win 7 x 1 = 7

  13. 1. Race 3, number 4, planet, odds $18.00, 2m&ms, 18×2=36
    2. Race 7, number 1, Dundan odds $26.00 1m&ms, 26×1=26
    3. Race 10, number 1 Newood, odds $6.00 2m&ms, 7×2=12
    4. race 6, number 2 bring A Ring odds $11.00 1m&ms 11×1=11

  14. 1.Race-3 Horse Number-3 Horse Name-Caravan Rolls On Odds-$9.00 Bet-1m&m Win-$9.00.
    2.Race-7 Horse Number-2 Horse Name-Green moon Odds-$26.00 Bet-2m$m Win$52.00.
    3.Race-6 Horse Number-1 Horse Name-Bulbula Odds-$10.00 Bet-1m$m Win-14.00.
    4.Race-10 Horse Number- Horse Name-hosting Odds-$7.00 Bet-2m$m Win-$14.00.

  15. Race 3, number 4, Planet Purple, odds $18, bet 1 m&m, win 18 m&ms.
    Race 6, number 1, Bulbula, odds $10, bet 1 m&m, win 10 m&ms.
    Race 7, number 6, Fiorente, odds $7, bet 2 m&ms, win 14 m&ms.
    Race10, number 1, Henwood, odds $6, bet 2 m&ms, win 12 m&ms.

  16. 1-Race 3, number 7, odds $7.00, bet 1m&m, win 7×1=7.
    2-Race 6, number 8, odds $9.00, bet 1m&m, win 9×1=9.
    3-Race 7, number 6, odds $7.00, bet 2m&m, win 7×2=14.
    4-Race 10, number 1, odds $6.00′ bet 2m&m, win 6×2=12

  17. Race-3, Number 1, name Opinion, Odds $5.00, bet 2m&ms, Wins 5 x 2=10 m&ms

    Race-6, Number 5, Name Politeness, Odds 3, bet 2m&ms, Wins x 2= 3 m&ms

    Race-7, Number 15, Name Mount Athos, Odds 9, bet 1m&m, Wins 9 x 1= 9 m&ms

    Race-10, Number 1 ,Name Henwood, Odds 6, bet 1m&m, Wins $6.00 x 1= 6 m&ms

  18. Race 3 horse (7) Junoob odds $6.50 bets 2 m&ms wins $13 6.50×2=13

    Race 6 horse (8) Roop All odds $9 bets 1 m&m wins $9 9×1=9

    Race 7 horse (8) Dandino odds $9 bets 2 m&ms wins $18 9×2=18

    Race 10 horse (1) Henwood odds $5.50 bets 1 m&m wins $5.50 5.50×1=$5.50

    Author: Shani

  19. Opinion, race 3, number 1, odds 5, bet 2, win 5
    Bulbula, race 6, number 1, bet 2, odds 10, win 20
    Duadun, race 7, number 1, bet 1, odds26 win 26
    Henwood, race 10, number 1, bet 1, odds 6, win 6

  20. Race 3 opinion, number 1, N Rawiller, 1 m&m.
    Race 6 Roop all, number 8, N Hall, 1m&m.
    Race 7 Fiorente, number 6, D Olivier 1 m&m.
    Race 10 Henwood number 1 JD Sadler.
    And I think my number 1 might not win because they got I lot of Wight then the others.

  21. Race-3, Number-2, Crafty Cruiser, Odds $15.00, Bet 1m&m, Win 1 times 15=15
    Race-6, Number-3 Modarat, Odds, $3.00, bet 2m&ms,win 2 times 3=6
    Race-7, Number-11 Mourayan, odds $126.00, bet 1m&m, win 1 times 126=126
    Race-10, Number-3 the new boy, odds $11.00, bet 2 times 11=22

  22. Race 3 number 7 Junoob odds $7.00 bet 2m&ms win 2×7=14
    Race 6 number 7 sprints dance odds $31.00 bet 1 m& ms win 31 x1= 31
    Race 10 number 16 kenjor wood odds $41.00 bet 2 m&ms win 41 x2=82
    Race 7 number 2 green moon odds $26.00 bet 1 m&ms win 26 x1=26

  23. Green Moon,race 7, number 2, bet 3 win $ 72.
    Karata,race 3, number 22, bet 1 win $ 61.
    Spirits dance, number 7, bet 1 win $31.
    Kenjorwood number 16, bet 1 win $41.

  24. 1) You would get 14 m&m’s if you bet 2 m&m’s on Fiorente.
    2) You would get 78 m&m’s if you bet on Dunaden.
    3) You would get 378 m&m’s if you bet on Mourayan.
    4) I would bet 3 m&m’s on 7 Mourayan (19), one m&m on 3 Opinion (10), one m&m on 6 Politeness (5) and one m&m on 10 Henwood (15) the. The odds are, Mourayan $126, Opinion $4.60, Politeness $3.30 and Henwood $5.50.

  25. 1. For Fiorente, you would get 42 M&Ms
    2. For Dunaden, you would get 156 M&Ms
    3. For Mourayan, you would get 756 M&Ms

    Our first bet is number 1, Opinion in the Carnivel Cup for one M&M and the odds are 4.60.
    Secondly for two M&Ms we are betting for number 4, Sea Moon in the Melbourne Cup and the odds are 15.00. Thirdly for two M&Ms, it is number four, Hosting in the Emerets Airline plate and the odds are 7.00. Lucky last is number 4 Messery Miss in the Lexses Hybrid plate and the odds are 15.00.

  26. Opinion, race 3,number 1, 4.60, bet 2, win 8 m&ms
    Fiorente,race 7,number 6, 7.00, bet 2,win 14m&m
    Moderate,race 6,number 3,2.20, bet 1, win 2 m&ms
    Henwood,race 10, number 1,5.50, 1,win 5 m&ms

  27. Fiorente will win 14 M&M if you put 2 M&M
    Dunaden will win 88 M&M if you put 3 M&M
    Mourayan will win 388 M&M if you put 3 M&M

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