Funny Cide, winner of both the 2003 Kentucky Derby and the 2003 Preakness Stakes, was the even-money

Question:

Funny Cide, winner of both the 2003 Kentucky Derby and the 2003 Preakness Stakes, was the even-money (1-to-1 odds) favorite to win the 2003 Belmont Stakes and thereby capture the coveted Triple Crown of thoroughbred horseracing. The second favorite and actual winner of the 2003 Belmont Stakes, Empire Maker, posted odds at 2 to 1 (against) to win the race. Based on the posted odds, determine the probability that the winner of the race would be
a. Funny Cide.
b. Empire Maker.