We have to find the probability that Bucksnot wins the race, which has odds that are 8:7.
The odds 8:7 means that out of 8+7 = 15 races, Bucksnot is expected to win 8.
Then, the probability can be calculated as:
[tex]P=\frac{8}{15}\approx0.533[/tex]Answer: the probability is approximately 0.533.
