What does 33 to 34 odds mean?

"What does 33 to 34 odds mean?" Here we will tell you what 33 to 34 odds mean, what 33 to 34 probability means, and show you what a 33 to 34 odds payout would be.

33 to 34 odds
This means that out of 67 possible outcomes, odds are that there will be 33 of one kind of outcome and 34 of another kind of outcome.

For every 67, odds are that 33 will be a particular event and 34 will be another event.

33 to 34 probability
There is a 49.25 percent probability of a particular outcome and 50.75 percent probability of another outcome.

33 to 34 odds payout
If you bet 1 on a game with 33 to 34 odds and you win, your total payout will be 1.97 which is your bet plus 0.97 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 33 to 34, the fraction for the Odds is 33/34, but the fraction to calculate the probability is 33/67.

Formulas and calculations used for 33 to 34 odds where A=33 and B=34

Odds
A / B =
33 / 34 =
33/34

Probability
A / (A + B) =
33 / (33 + 34) =
33/67 = 49.25%

Payout
((Bet*A)/B)) + Bet =
((1*33)/34)) + 1 =
1.97

Odds Calculator
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