A talent show is such that 6 percent of the contestants win

A talent show is such that 6 percent of the contestants win a tiny prize and 1 percent win a big prize.

1) find the odds in favor of winning a big prize from a single entry.

2) If a tiny prize is worth 5 dollars, a big prize is worth 50 dollars and each entry cost 2 dollars, find the expected value of a contesants profit.