When playing a lottery or other games of chance be sure you understand the odds or probability that is reported by the game organizer. Implied odds or betting odds which are not true statistical odds. If you are using sports teams odds or betting odds and see the odds are 9/2, this is most likely odds against winning.Įnter 9 to 2 into the calculator and select 'Odds against winning.' It's also important to understand
It's important to understand how to read odds especially if wagering is involved. Where A:B is odds for winning How to Read Odds
Where A:B is odds for winning Probability of Losing Formula A:B This calculator converts odds for winning or odds against winning into percentage chance for winning or losing. Convert odds into probability and percent chance of winning and losing.
