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Calculate the potential winnings from a bet with a stake of ₦65,000.00 and total odds of 450.00.

Business/Management

ScanSolve AI Answer

Step-by-step solution

3 steps

  1. Identify the stake and total odds from the betting slip.

    The stake is ₦65,000.00.
    The total odds are 450.00.

  2. Calculate the potential winnings using the formula

    Potential Winnings = Stake ×\times Total Odds.

    Potential Winnings=₦65,000.00×450.00\text{Potential Winnings} = \text{₦}65,000.00 \times 450.00 Potential Winnings=₦29,250,000.00\text{Potential Winnings} = \text{₦}29,250,000.00

  3. Compare the calculated potential winnings with the value on the slip.

    The calculated potential winnings of ₦29,250,000.00 match the "Potential Winnings" shown on the betting slip.

    The potential winnings are indeed ₦29,250,000.00.

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