5 to 2 Odds means that there are 5 chances of one outcome and 2 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 5 A's and 2 B's in 5 to 2 Odds.
5 to 2 Odds can be written as a ratio of 5/2. 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 5 to 2 Odds numbers into the formulas, we get:
(5/(5+2))*100 = 71.43%
(2/(5+2))*100 = 28.57%
Therefore, 5 to 2 Odds converts to the following Probabilities:
71.43% Probability of A
28.57% Probability of B
So instead of saying 5 to 2 Odds, you could say that there is a 71.43% Probability.

