Revision and Resubmission
I acted where I reasonably could to accommodate the most recent reviewers of my probability paper, but each of the reviewers made some rather dire errors. So, along with a revised version of the paper, I wrote responses to the reviews, and on 16 July sent these to the journal that had requested revisions.
The hope for publication rests upon three possibilities. Possibly the reviewers will acknowledge their errors; possibly the editors over-rule the reviewers, either on principle or to protect the reputations of the editors and of the journal.
I think that the chance of acceptance is poor. If the paper is rejected, then I will undo some of the revisions, and seek another journal to which to submit the paper.