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I don't bet on horses, but I figure they'd use "kurs". And the word means more the relation between bets and payoffs than the mathematical probability of winning, so it kinda makes sense that it's a different word.
This is part of a two-week experiment on having more open threads.
Obvious answers aren't always obvious. If you feel silly for not understanding something, you're not alone. Ask a question here.
Previous stupid questions
Other similar threads include: