Answer:
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