"What does 1 to 2 odds mean?" Here we will tell you what 1 to 2 odds mean, what 1 to 2 probability means, and show you what a 1 to 2 odds payout would be.

**1 to 2 odds**

This means that out of 3 possible outcomes, odds are that there will be 1 of one kind of outcome and 2 of another kind of outcome.

For every 3, odds are that 1 will be a particular event and 2 will be another event.

**1 to 2 probability**

There is a 33.33 percent probability of a particular outcome and 66.67 percent probability of another outcome.

**1 to 2 odds payout**

If you bet 1 on a game with 1 to 2 odds and you win, your total payout will be 1.50 which is your bet plus 0.50 profit.

**Odds vs. Probability**

Note that odds and probability are not the same. Odds compare one event to another event, whereas probability compares one event to both possible events. Thus, when the odds are 1 to 2, the fraction for the Odds is 1/2, but the fraction to calculate the probability is 1/3.

**Formulas and calculations used for 1 to 2 odds where A=1 and B=2**

**Odds**

A / B =

1 / 2 =

1/2

**Probability**

A / (A + B) =

1 / (1 + 2) =

1/3 = 33.33%

**Payout**

((Bet*A)/B)) + Bet =

((1*1)/2)) + 1 =

1.50

**Odds Calculator**

1 to 2 odds is not the only odds we have the answer to. Enter odds to learn the meaning here.

**What does 1 to 3 odds mean?**

Go here for the next odds on our list that we have interpreted.

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