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Consider the wins to be red marbles and the losses to be blue marbles. In total we have 8 marbles - 5 red and 3 blue. Suppose all the marbles were different, then the number of ways we can arrange them is 8 ! . However this does not include that 5 red marbles are repeated (identical) and 3 blue marbles are repeated. When we include that we get
5 ! 3 ! 8 ! = 5 6