Odds

From Wikipedia, the free encyclopedia
Jump to: navigation, search

In mathematics, odds are the chance that an event will happen compared to the chance that it will not happen. For example, if there is an equal chance that it will rain or that it will not rain, the odds of it raining are 1:1 (which is read as "1 to 1"). If it is twice as likely that it will not rain, then the odds of it raining are 1:2 (read as "1 to 2").

Uses for odds[change | edit source]

Odds are often used in gambling, especially in horse racing.

Other websites[change | edit source]

Ask Dr. Math: Odds Slang for Probability?