No dude.
10 to 1 means that if it's not a Muslim, I owe you a dollar.
If it is a Muslim, you owe me 10 bucks.
Assuming I bet a dollar.
Hm. Well, you're still on -- if it's a Muslim, I'll pay $10 to FR on the next fund drive, and if it's not, you pay FR an extra buck.
No it doesn't.
You were stating that 10 to one it was a Muslim. Meaning that you feel pretty confident it was a Muslim therefore you are giving odds to anyone to take the bet.
I can bet a $1 and you would pay $10 since you feel it is a long shot that you will lose...
I personally think you are wrong and would take this bet anytime... I'd even give you odds that this was not a Muslim.