
48 to 3 Odds means that there are 48 chances of one outcome and 3 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 48 A's and 3 B's in 48 to 3 Odds.
48 to 3 Odds can be written as a ratio of 48/3. 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 48 to 3 Odds numbers into the formulas, we get:
(48/(48+3))*100 = 94.12%
(3/(48+3))*100 = 5.88%
Therefore, 48 to 3 Odds converts to the following Probabilities:
94.12% Probability of A
5.88% Probability of B
So instead of saying 48 to 3 Odds, you could say that there is a 94.12% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 48 to 4 Odds to Probability
Here is the next Odds on our list that we converted to Probability.
Copyright | Privacy Policy | Disclaimer | Contact