## OddsOdds are another way of expressing the probability of something happening in the future. Where probability is expressed as the ratio (fraction) of what you are expecting to happen divided by the total number of things that can happen, odds are the ratio (or fraction) of what you are looking for divided by the number of things that you .are not looking forI will explain this using symbols: Let = the number of things (or possibilities) you are looking for Let = the number of things (or possibilities) you are not looking for. Then, the total number of things (or possibilities) is: + <=== this is every possibility!
What are the odds of drawing a red marble out of a bag that contains 2 red marbles and 5 blue ones? Well,
To learn more about probability, see the probability notes. |