In the Texas Pick 3 Lottery, You Can Bet $1

question 37

Essay

In the Texas Pick 3 Lottery, you can bet $1 by selecting the exact order of three digits
between 0 and 9 inclusive, so the probability of winning is 1/1000. If the same three
numbers are draw in the same order, you collect $500, so your net profit is $499. Find the
actual odds against winning and the payoff odds. The website indicates that the odds are
1:1000 for this bet. Is this an accurate description?

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Definitions:

Innervation

The supply of nerves to a specific body part, enabling sensation and movement in that area.

Widespread Sweating

The release of sweat from sweat glands across much of the body's surface, typically in response to heat or stress.

Sympathetic

Pertaining to the part of the autonomic nervous system that prepares the body for stress by accelerating the heart rate, among other responses.

Sympathetic Impulses

Nerve impulses transmitted by the sympathetic nervous system, part of the autonomic nervous system that controls the body's responses to stress or emergency situations.