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Who would win? Britain's odds vs. the colonies

In 1775 which side would a neutral observer have expected to win Britain or the colonies? Why?

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In 1775 - pre Declaration of Independence - the ability of the colonies to win any war; let alone a war against the most powerful country in the world was highly doubted. First, not much was known of the colonies by any neutral/outside observer.

However, if there was a neutral observer who had all the ...