
8 to 61 Odds means that there are 8 chances of one outcome and 61 chances of a different outcome.
We will call these different outcomes A and B. Thus, there are 8 A's and 61 B's in 8 to 61 Odds.
8 to 61 Odds can be written as a ratio of 8/61. 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 61 Odds numbers into the formulas, we get:
(8/(8+61))*100 = 11.59%
(61/(8+61))*100 = 88.41%
Therefore, 8 to 61 Odds converts to the following Probabilities:
11.59% Probability of A
88.41% Probability of B
So instead of saying 8 to 61 Odds, you could say that there is a 11.59% Probability.
Odds To Probability Converter
Convert more Odds here.
Convert 8 to 62 Odds to Probability
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