
12 to 60 Odds means that there are 12 chances of one outcome and 60 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 12 A's and 60 B's in 12 to 60 Odds.
12 to 60 Odds can be written as a ratio of 12/60. 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 12 to 60 Odds numbers into the formulas, we get:
(12/(12+60))*100 = 16.67%
(60/(12+60))*100 = 83.33%
Therefore, 12 to 60 Odds converts to the following Probabilities:
16.67% Probability of A
83.33% Probability of B
So instead of saying 12 to 60 Odds, you could say that there is a 16.67% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 12 to 61 Odds to Probability
Here is the next Odds on our list that we converted to Probability.
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