
4 to 98 Odds means that there are 4 chances of one outcome and 98 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 4 A's and 98 B's in 4 to 98 Odds.
4 to 98 Odds can be written as a ratio of 4/98. 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 4 to 98 Odds numbers into the formulas, we get:
(4/(4+98))*100 = 3.92%
(98/(4+98))*100 = 96.08%
Therefore, 4 to 98 Odds converts to the following Probabilities:
3.92% Probability of A
96.08% Probability of B
So instead of saying 4 to 98 Odds, you could say that there is a 3.92% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 4 to 99 Odds to Probability
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