
5 to 83 Odds means that there are 5 chances of one outcome and 83 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 5 A's and 83 B's in 5 to 83 Odds.
5 to 83 Odds can be written as a ratio of 5/83. 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 83 Odds numbers into the formulas, we get:
(5/(5+83))*100 = 5.68%
(83/(5+83))*100 = 94.32%
Therefore, 5 to 83 Odds converts to the following Probabilities:
5.68% Probability of A
94.32% Probability of B
So instead of saying 5 to 83 Odds, you could say that there is a 5.68% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 5 to 84 Odds to Probability
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