What does 31 to 72 odds mean?




"What does 31 to 72 odds mean?" Here we will tell you what 31 to 72 odds mean, what 31 to 72 probability means, and show you what a 31 to 72 odds payout would be.

31 to 72 odds
This means that out of 103 possible outcomes, odds are that there will be 31 of one kind of outcome and 72 of another kind of outcome.

For every 103, odds are that 31 will be a particular event and 72 will be another event.

31 to 72 probability
There is a 30.10 percent probability of a particular outcome and 69.90 percent probability of another outcome.

31 to 72 odds payout
If you bet 1 on a game with 31 to 72 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 31 to 72, the fraction for the Odds is 31/72, but the fraction to calculate the probability is 31/103.

Formulas and calculations used for 31 to 72 odds where A=31 and B=72

Odds
A / B =
31 / 72 =
31/72

Probability
A / (A + B) =
31 / (31 + 72) =
31/103 = 30.10%

Payout
((Bet*A)/B)) + Bet =
((1*31)/72)) + 1 =
1.43

Odds Calculator
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What does 31 to 73 odds mean?
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