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KöMaL 2010 K270

    A fair bookmaker only takes fair bets. For example, if you bet 3 to 5 on something, it means that you pay 3 if you lose and get 5 if you win, but in the long run no one gains anything on this bet. There are three horses running a race: Curse, Worse, and Hearse. The fair bookmaker takes 2 to 1 bets on Hearse winning the race, and 3 to 7 bets on Curse winning. (These are fair bets.) In what ratio can one bet on Worse coming in first?

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