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Odds


Betting odds are written in the form r:s ("r to s") and correspond to the probability of winning P=s/(r+s). Therefore, given a probability P, the odds of winning are (1/P)-1:1.


See also

Colon, Fraction, Ratio, Rational Number

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References

Kraitchik, M. "The Horses." §6.17 in Mathematical Recreations. New York: W. W. Norton, pp. 134-135, 1942.

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Odds

Cite this as:

Weisstein, Eric W. "Odds." From MathWorld--A Wolfram Web Resource. https://mathworld.wolfram.com/Odds.html

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