
5 to 23 Odds means that there are 5 chances of one outcome and 23 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 5 A's and 23 B's in 5 to 23 Odds.
5 to 23 Odds can be written as a ratio of 5/23. 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 23 Odds numbers into the formulas, we get:
(5/(5+23))*100 = 17.86%
(23/(5+23))*100 = 82.14%
Therefore, 5 to 23 Odds converts to the following Probabilities:
17.86% Probability of A
82.14% Probability of B
So instead of saying 5 to 23 Odds, you could say that there is a 17.86% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 5 to 24 Odds to Probability
Here is the next Odds on our list that we converted to Probability.
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