4 ms·
Ignoring the fact that “the author” is one of the most respected statistians in the world today... there is no debate on how to translate probabilities into odd
by baron_harkonnen 7y ago
Ignoring the fact that “the author” is one of the most respected statistians in the world today... there is no debate on how to translate probabilities into odds:
odds(x) = p(x)/(1-p(x))
Thats the definition of “odds”. so in this case it is quite clear that the odds for X is 1, implying and even money bet.