
8 to 58 Odds means that there are 8 chances of one outcome and 58 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 8 A's and 58 B's in 8 to 58 Odds.
8 to 58 Odds can be written as a ratio of 8/58. 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 8 to 58 Odds numbers into the formulas, we get:
(8/(8+58))*100 = 12.12%
(58/(8+58))*100 = 87.88%
Therefore, 8 to 58 Odds converts to the following Probabilities:
12.12% Probability of A
87.88% Probability of B
So instead of saying 8 to 58 Odds, you could say that there is a 12.12% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 8 to 59 Odds to Probability
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