
5 to 60 Odds means that there are 5 chances of one outcome and 60 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 5 A's and 60 B's in 5 to 60 Odds.
5 to 60 Odds can be written as a ratio of 5/60. 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 60 Odds numbers into the formulas, we get:
(5/(5+60))*100 = 7.69%
(60/(5+60))*100 = 92.31%
Therefore, 5 to 60 Odds converts to the following Probabilities:
7.69% Probability of A
92.31% Probability of B
So instead of saying 5 to 60 Odds, you could say that there is a 7.69% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 5 to 61 Odds to Probability
Here is the next Odds on our list that we converted to Probability.
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