
5 to 62 Odds means that there are 5 chances of one outcome and 62 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 5 A's and 62 B's in 5 to 62 Odds.
5 to 62 Odds can be written as a ratio of 5/62. 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 62 Odds numbers into the formulas, we get:
(5/(5+62))*100 = 7.46%
(62/(5+62))*100 = 92.54%
Therefore, 5 to 62 Odds converts to the following Probabilities:
7.46% Probability of A
92.54% Probability of B
So instead of saying 5 to 62 Odds, you could say that there is a 7.46% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 5 to 63 Odds to Probability
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