What does 20 to 49 odds mean?

"What does 20 to 49 odds mean?" Here we will tell you what 20 to 49 odds mean, what 20 to 49 probability means, and show you what a 20 to 49 odds payout would be.

20 to 49 odds
This means that out of 69 possible outcomes, odds are that there will be 20 of one kind of outcome and 49 of another kind of outcome.

For every 69, odds are that 20 will be a particular event and 49 will be another event.

20 to 49 probability
There is a 28.99 percent probability of a particular outcome and 71.01 percent probability of another outcome.

20 to 49 odds payout
If you bet 1 on a game with 20 to 49 odds and you win, your total payout will be 1.41 which is your bet plus 0.41 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 20 to 49, the fraction for the Odds is 20/49, but the fraction to calculate the probability is 20/69.

Formulas and calculations used for 20 to 49 odds where A=20 and B=49

Odds
A / B =
20 / 49 =
20/49

Probability
A / (A + B) =
20 / (20 + 49) =
20/69 = 28.99%

Payout
((Bet*A)/B)) + Bet =
((1*20)/49)) + 1 =
1.41

Odds Calculator
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What does 20 to 50 odds mean?
Go here for the next odds on our list that we have interpreted.