What does 17 to 52 odds mean?

"What does 17 to 52 odds mean?" Here we will tell you what 17 to 52 odds mean, what 17 to 52 probability means, and show you what a 17 to 52 odds payout would be.

17 to 52 odds
This means that out of 69 possible outcomes, odds are that there will be 17 of one kind of outcome and 52 of another kind of outcome.

For every 69, odds are that 17 will be a particular event and 52 will be another event.

17 to 52 probability
There is a 24.64 percent probability of a particular outcome and 75.36 percent probability of another outcome.

17 to 52 odds payout
If you bet 1 on a game with 17 to 52 odds and you win, your total payout will be 1.33 which is your bet plus 0.33 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 17 to 52, the fraction for the Odds is 17/52, but the fraction to calculate the probability is 17/69.

Formulas and calculations used for 17 to 52 odds where A=17 and B=52

Odds
A / B =
17 / 52 =
17/52

Probability
A / (A + B) =
17 / (17 + 52) =
17/69 = 24.64%

Payout
((Bet*A)/B)) + Bet =
((1*17)/52)) + 1 =
1.33

Odds Calculator
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What does 17 to 53 odds mean?
Go here for the next odds on our list that we have interpreted.