What does 30 to 70 odds mean?

"What does 30 to 70 odds mean?" Here we will tell you what 30 to 70 odds mean, what 30 to 70 probability means, and show you what a 30 to 70 odds payout would be.

30 to 70 odds
This means that out of 100 possible outcomes, odds are that there will be 30 of one kind of outcome and 70 of another kind of outcome.

For every 100, odds are that 30 will be a particular event and 70 will be another event.

30 to 70 probability
There is a 30.00 percent probability of a particular outcome and 70.00 percent probability of another outcome.

30 to 70 odds payout
If you bet 1 on a game with 30 to 70 odds and you win, your total payout will be 1.43 which is your bet plus 0.43 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 30 to 70, the fraction for the Odds is 30/70, but the fraction to calculate the probability is 30/100.

Formulas and calculations used for 30 to 70 odds where A=30 and B=70

Odds
A / B =
30 / 70 =
30/70

Probability
A / (A + B) =
30 / (30 + 70) =
30/100 = 30.00%

Payout
((Bet*A)/B)) + Bet =
((1*30)/70)) + 1 =
1.43

Odds Calculator
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