Figuring out odds....
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Figuring out odds....
Please enlighten me and explain why 4:1 odds =20 %?
Shouldnt be 25%>?
What is 5:1?
What's the easiest formula to convert odds in percentages?
Shouldnt be 25%>?
What is 5:1?
What's the easiest formula to convert odds in percentages?
- out_at_sea
- Posts: 64
- Joined: Fri Apr 09, 2004 11:58 am GMT
Dave B wrote:4 chances to one chance-total of 5 chances, hence 80%. 5:1 is 1/6. Should be obvious now.
Stil confused....
How is 1:4 percentagewise?
How about 5:2? Or 7:2? Or 9:5?
Which ot those give you the best odds?
Is there a fast way to convert the above in percentage?
How do you read 4:1 vs. 1:4?
- out_at_sea
- Posts: 64
- Joined: Fri Apr 09, 2004 11:58 am GMT
its real simple. 20% = 20/100. break that down into lowest fraction form you get 1/5. okay so lets say you have 20% chance of winning a hand. you are 4 to 1 underdog. how i get those numbers are the following, 4 is the possible times your opponent will win the hand and 1 is number of times you will win the hand which comes out to a total of 5 total chances all together. divide the total chances there are by the number of times you will the hand we have the following: 1/ 5 = 20%.
if you dont get this at all, go read the calculating odds section right here on this forum.
if you dont get this at all, go read the calculating odds section right here on this forum.
- alphakenny1
- Posts: 173
- Joined: Fri Jan 02, 2004 6:48 pm GMT
alphakenny1 wrote:its real simple. 20% = 20/100. break that down into lowest fraction form you get 1/5. okay so lets say you have 20% chance of winning a hand. you are 4 to 1 underdog. how i get those numbers are the following, 4 is the possible times your opponent will win the hand and 1 is number of times you will win the hand which comes out to a total of 5 total chances all together. divide the total chances there are by the number of times you will the hand we have the following: 1/ 5 = 20%.
if you dont get this at all, go read the calculating odds section right here on this forum.
I did read that post and I got the idea.....however I dont get the first coloumn in this chart though:
1-9 $2.20 2-1 $6.00
1-5 $2.40 5-2 $7.00
2-5 $2.80 3-1 $8.00
1-2 $3.00 7-2 $9.00
3-5 $3.20 4-1 $10.00
4-5 $3.60 9-2 $11.00
How would you read 1-9 or 2-5?? Please explain as you did with 4:1.
- out_at_sea
- Posts: 64
- Joined: Fri Apr 09, 2004 11:58 am GMT
generally the bigger number is read first like with the 1-9 you are talking about it usually said as 9 to 1. and same thing goes with the 2-5 it is usually said as 5 to 2. okay with the 9 to 1 that means lets say you are a 9 to 1 favorite to win the hand, well that means about 90% of the time you will win the hand. 9/10 is what the actual fraction is. but if its said you are a 9 to 1 underdog then u have a 10% chance of winning the hand? do you understand that part?
- alphakenny1
- Posts: 173
- Joined: Fri Jan 02, 2004 6:48 pm GMT
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