For a formula one race, we have about 10 cars, each of them has its own car no. and wining odd for that race.
I want to calculate the probability that car no. 1 wins the race, while car no. 2 and car no. 3 become the first runner up and second runner up respectively.
Can the probability be calculated by
P(no. 1 win) x P(no. 2 win) x P(no. 3 win)
over (1 - P(no. 1 win)) x (1 - P(no. 1 win)- P(no. 2 win)) ?