What does 11 to 88 odds mean?

"What does 11 to 88 odds mean?" Here we will tell you what 11 to 88 odds mean, what 11 to 88 probability means, and show you what a 11 to 88 odds payout would be.

11 to 88 odds
This means that out of 99 possible outcomes, odds are that there will be 11 of one kind of outcome and 88 of another kind of outcome.

For every 99, odds are that 11 will be a particular event and 88 will be another event.

11 to 88 probability
There is a 11.11 percent probability of a particular outcome and 88.89 percent probability of another outcome.

11 to 88 odds payout
If you bet 1 on a game with 11 to 88 odds and you win, your total payout will be 1.13 which is your bet plus 0.13 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 88, the fraction for the Odds is 11/88, but the fraction to calculate the probability is 11/99.

Formulas and calculations used for 11 to 88 odds where A=11 and B=88

Odds
A / B =
11 / 88 =
11/88

Probability
A / (A + B) =
11 / (11 + 88) =
11/99 = 11.11%

Payout
((Bet*A)/B)) + Bet =
((1*11)/88)) + 1 =
1.13

Odds Calculator
11 to 88 odds is not the only odds we have the answer to. Enter odds to learn the meaning here.

What does 11 to 89 odds mean?
Go here for the next odds on our list that we have interpreted.