What does 19 to 23 odds mean?

"What does 19 to 23 odds mean?" Here we will tell you what 19 to 23 odds mean, what 19 to 23 probability means, and show you what a 19 to 23 odds payout would be.

19 to 23 odds
This means that out of 42 possible outcomes, odds are that there will be 19 of one kind of outcome and 23 of another kind of outcome.

For every 42, odds are that 19 will be a particular event and 23 will be another event.

19 to 23 probability
There is a 45.24 percent probability of a particular outcome and 54.76 percent probability of another outcome.

19 to 23 odds payout
If you bet 1 on a game with 19 to 23 odds and you win, your total payout will be 1.83 which is your bet plus 0.83 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 19 to 23, the fraction for the Odds is 19/23, but the fraction to calculate the probability is 19/42.

Formulas and calculations used for 19 to 23 odds where A=19 and B=23

Odds
A / B =
19 / 23 =
19/23

Probability
A / (A + B) =
19 / (19 + 23) =
19/42 = 45.24%

Payout
((Bet*A)/B)) + Bet =
((1*19)/23)) + 1 =
1.83

Odds Calculator
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What does 19 to 24 odds mean?
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