If the game were fair what would the payoff be for a 5 bet?, Ask an Expert

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If a game were "fair." the payoff on a bet would be the same as the odds for the event. In one game, the odds for winning are 1:13. If the game were "fair" what would the payoff be for a $5 bet? Supposing the casino makes the payoff at 1:11odds, what profit does the casino make on your winning bet?

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