3 ms·

How do you read the odds numbers? Is 8/1 likely or not likely?

• netcan 14y ago
  In UK gambling conventions, 8/1 means you win £8 on a £1 bet. So 12.5% chance, if the bookie is a non profit.
  • mmahemoff 14y ago
    Close :). You receive £9 on a £1 bet (you get your outlay back), so it's 1/9 ~ 11.1% http://www.isfa.com/odds-probability-chart.php http://www.isfa.com/odds-probability-chart.php
    • netcan 14y ago
      you're right. oops.
• anywherenotes 14y ago
  I didn't get this either. Some numbers are 1/25, which seems like 1 in 25 chance = 1/25 = 4% Yet other numbers are 6/1, which is 600%.
• vinilios 14y ago
  to get the probability out of a/b calculate (b/(a+b))*100