Let p be the probability of the first event and q be the probability of the second event. Based on the problem statement, we have p equals q squared. The odds against the first and second events are (1-p) divided by p and (1-q) divided by q, respectively, leading to the equation (1-p) divided by p equals ((1-q) divided by q) cubed. Substituting p equals q squared into the second equation and solving yields q equals 1 divided by 3. Substituting this back into the first equation gives p equals 1 divided by 9, making the probability of the first event 1/9 and the second event 1/3.