Convert 1 to 62 Odds to Probability

1 to 62 Odds means that there are 1 chances of one outcome and 62 chances of a different outcome.

We will call these different outcomes A and B. Thus, there are 1 A's and 62 B's in 1 to 62 Odds.

1 to 62 Odds can be written as a ratio of 1/62. 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 62 Odds numbers into the formulas, we get:

(1/(1+62))*100 = 1.59%
(62/(1+62))*100 = 98.41%

Therefore, 1 to 62 Odds converts to the following Probabilities:

1.59% Probability of A

98.41% Probability of B

So instead of saying 1 to 62 Odds, you could say that there is a 1.59% Probability.

Odds To Probability Converter
Convert more Odds here.

Convert 1 to 63 Odds to Probability
Here is the next Odds on our list that we converted to Probability.