Convert 1 to 24 Odds to Probability
1 to 24 Odds means that there are 1 chances of one outcome and 24 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 1 A's and 24 B's in 1 to 24 Odds.
1 to 24 Odds can be written as a ratio of 1/24. Instead of a ratio, Probability shows the percent chance of the outcomes A and B.
The two formulas to convert Odds to Probabilities are as follows
(A/(A+B))*100 = A%
(B/(A+B))*100 = B%
When we plug the 1 to 24 Odds numbers into the formulas, we get:
(1/(1+24))*100 = 4.00%
(24/(1+24))*100 = 96.00%
Therefore, 1 to 24 Odds converts to the following Probabilities:
4.00% Probability of A
96.00% Probability of B
So instead of saying 1 to 24 Odds, you could say that there is a 4.00% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 1 to 25 Odds to Probability
Here is the next Odds on our list that we converted to Probability.
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