What does 34 to 40 odds mean?

"What does 34 to 40 odds mean?" Here we will tell you what 34 to 40 odds mean, what 34 to 40 probability means, and show you what a 34 to 40 odds payout would be.

34 to 40 odds
This means that out of 74 possible outcomes, odds are that there will be 34 of one kind of outcome and 40 of another kind of outcome.

For every 74, odds are that 34 will be a particular event and 40 will be another event.

34 to 40 probability
There is a 45.95 percent probability of a particular outcome and 54.05 percent probability of another outcome.

34 to 40 odds payout
If you bet 1 on a game with 34 to 40 odds and you win, your total payout will be 1.85 which is your bet plus 0.85 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 34 to 40, the fraction for the Odds is 34/40, but the fraction to calculate the probability is 34/74.

Formulas and calculations used for 34 to 40 odds where A=34 and B=40

Odds
A / B =
34 / 40 =
34/40

Probability
A / (A + B) =
34 / (34 + 40) =
34/74 = 45.95%

Payout
((Bet*A)/B)) + Bet =
((1*34)/40)) + 1 =
1.85

Odds Calculator
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