RB_CH04_Q019. Parlay card 10-to-1 odds five matches

If you like gambling and you like betting on the outcome of sports matches, then you may like the 'parlay card.' A parlay card lets you bet on the outcomes of more than one match. In order to win a parlay bet, you must be correct on each of the matches you bet upon. Parlay cards offer big payoffs if you are right on every match (some even offer a payoff for 'almost wins'). Suppose that your bookie will give you 10-to-1 odds for a parlay bet that covers four sports matches (with no almost wins). Should you take the bet?