What does 18 to 31 odds mean?

"What does 18 to 31 odds mean?" Here we will tell you what 18 to 31 odds mean, what 18 to 31 probability means, and show you what a 18 to 31 odds payout would be.

18 to 31 odds
This means that out of 49 possible outcomes, odds are that there will be 18 of one kind of outcome and 31 of another kind of outcome.

For every 49, odds are that 18 will be a particular event and 31 will be another event.

18 to 31 probability
There is a 36.73 percent probability of a particular outcome and 63.27 percent probability of another outcome.

18 to 31 odds payout
If you bet 1 on a game with 18 to 31 odds and you win, your total payout will be 1.58 which is your bet plus 0.58 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 18 to 31, the fraction for the Odds is 18/31, but the fraction to calculate the probability is 18/49.

Formulas and calculations used for 18 to 31 odds where A=18 and B=31

Odds
A / B =
18 / 31 =
18/31

Probability
A / (A + B) =
18 / (18 + 31) =
18/49 = 36.73%

Payout
((Bet*A)/B)) + Bet =
((1*18)/31)) + 1 =
1.58

Odds Calculator
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What does 18 to 32 odds mean?
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