16 1 odds what does it mean url https:/www.quora.com/Betting If someone says theyll give me 3 1 odds on the occurrence of an event what does it mean

If an event a has 30% chance of occurring, how many times does ...

10 мая 2017 г. ... Let me first rephrase the question in the way I understood it. An event occurs with probability p=0.3. We now do n trials. What is the ...

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What does \'odds\' exactly mean in the question: \'what are the odds ...

7 сент. 2017 г. ... \'Odds\' is a gambling term, where the prospect of a certain outcome is expressed as a ratio. Odds of 10 to 1 means that the assessed chance ...

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If the odds of winning are 1 in 2, what are the odds when you buy 5 ...

13 нояб. 2017 г. ... Assume that there exists a lottery where 50% of the tickets are winners. Also assume the pool of tickets is nearly infinite. The odds you ...

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What are odds of 2 to 1 winning in a race? - Quora

4 мая 2016 г. ... Betting: If someone says they\'ll give me 3:1 odds on the occurrence of an event, what does it mean? If you bet one dollar if you win they ...

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What is the probability for an airplane to crash (for commercial flights ...

23 нояб. 2017 г. ... In the US and Europe your chances are a lot lower. There is a minor incident (non deadly “accident” like a runway overrun or planes bumping into ...

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How do sports odds work? Usually 30:1 odds are better than 3:1 ...

6 сент. 2019 г. ... Betting: If someone says they\'ll give me 3:1 odds on the occurrence of an event, what does it mean? If you bet one dollar if you win they ...

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What is the definition of odds or chance? - Quora

18 сент. 2023 г. ... For example, if the odds are 2/1 (fractional), it means that for every $1 you bet, you stand to win $2 if your bet is successful, plus you get ...

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Regarding betting and odds, etc., what does it mean when in a ...

9 сент. 2017 г. ... The 5.5 is called a point spread. The “-” means that team is favored to win by -5.5 points. A + indicates an underdog. It has nothing to do ...

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If something has a 2% chance of happening every time I do ...

15 мар. 2018 г. ... Assuming each trial is independent, the probability of “it” happening 3 times is: [math]\\quad 2\\% \\times 2\\% \\times 2\\% = 0.0008\\%[/math] Or ...

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What does the \'numbers\' mean in sports betting, for example - Quora

29 нояб. 2019 г. ... These numbers shows odds. A negative number denotes a favorite, which pays less than even money. A positive number shows an underdog, ...

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