What does 16 to 1 odds mean?

"What does 16 to 1 odds mean?" Here we will tell you what 16 to 1 odds mean, what 16 to 1 probability means, and show you what a 16 to 1 odds payout would be.

16 to 1 odds
This means that out of 17 possible outcomes, odds are that there will be 16 of one kind of outcome and 1 of another kind of outcome.

For every 17, odds are that 16 will be a particular event and 1 will be another event.

16 to 1 probability
There is a 94.12 percent probability of a particular outcome and 5.88 percent probability of another outcome.

16 to 1 odds payout
If you bet 1 on a game with 16 to 1 odds and you win, your total payout will be 17.00 which is your bet plus 16.00 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 16 to 1, the fraction for the Odds is 16/1, but the fraction to calculate the probability is 16/17.

Formulas and calculations used for 16 to 1 odds where A=16 and B=1

Odds
A / B =
16 / 1 =
16/1

Probability
A / (A + B) =
16 / (16 + 1) =
16/17 = 94.12%

Payout
((Bet*A)/B)) + Bet =
((1*16)/1)) + 1 =
17.00

Odds Calculator
16 to 1 odds is not the only odds we have the answer to. Enter odds to learn the meaning here.

What does 16 to 2 odds mean?
Go here for the next odds on our list that we have interpreted.