How do you figure out odds?

  1. Odds are most simply calculated as the number of events divided by the number of non-events.
  2. The formal way to describe the odds is as the probability of the event divided by the probability of the non-event.
  3. So odds are the ratio of two fractions:
  4. If event occurs 1 of 5 times, probability = 0.2.

Apr 29, 2009

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