
2 to 78 Odds means that there are 2 chances of one outcome and 78 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 2 A's and 78 B's in 2 to 78 Odds.
2 to 78 Odds can be written as a ratio of 2/78. 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 2 to 78 Odds numbers into the formulas, we get:
(2/(2+78))*100 = 2.50%
(78/(2+78))*100 = 97.50%
Therefore, 2 to 78 Odds converts to the following Probabilities:
2.50% Probability of A
97.50% Probability of B
So instead of saying 2 to 78 Odds, you could say that there is a 2.50% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 2 to 79 Odds to Probability
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