What does 11 to 16 odds mean?

"What does 11 to 16 odds mean?" Here we will tell you what 11 to 16 odds mean, what 11 to 16 probability means, and show you what a 11 to 16 odds payout would be.

11 to 16 odds
This means that out of 27 possible outcomes, odds are that there will be 11 of one kind of outcome and 16 of another kind of outcome.

For every 27, odds are that 11 will be a particular event and 16 will be another event.

11 to 16 probability
There is a 40.74 percent probability of a particular outcome and 59.26 percent probability of another outcome.

11 to 16 odds payout
If you bet 1 on a game with 11 to 16 odds and you win, your total payout will be 1.69 which is your bet plus 0.69 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 11 to 16, the fraction for the Odds is 11/16, but the fraction to calculate the probability is 11/27.

Formulas and calculations used for 11 to 16 odds where A=11 and B=16

Odds
A / B =
11 / 16 =
11/16

Probability
A / (A + B) =
11 / (11 + 16) =
11/27 = 40.74%

Payout
((Bet*A)/B)) + Bet =
((1*11)/16)) + 1 =
1.69

Odds Calculator
11 to 16 odds is not the only odds we have the answer to. Enter odds to learn the meaning here.

What does 11 to 17 odds mean?
Go here for the next odds on our list that we have interpreted.