What does 34 to 82 odds mean?

"What does 34 to 82 odds mean?" Here we will tell you what 34 to 82 odds mean, what 34 to 82 probability means, and show you what a 34 to 82 odds payout would be.

34 to 82 odds
This means that out of 116 possible outcomes, odds are that there will be 34 of one kind of outcome and 82 of another kind of outcome.

For every 116, odds are that 34 will be a particular event and 82 will be another event.

34 to 82 probability
There is a 29.31 percent probability of a particular outcome and 70.69 percent probability of another outcome.

34 to 82 odds payout
If you bet 1 on a game with 34 to 82 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 34 to 82, the fraction for the Odds is 34/82, but the fraction to calculate the probability is 34/116.

Formulas and calculations used for 34 to 82 odds where A=34 and B=82

Odds
A / B =
34 / 82 =
34/82

Probability
A / (A + B) =
34 / (34 + 82) =
34/116 = 29.31%

Payout
((Bet*A)/B)) + Bet =
((1*34)/82)) + 1 =
1.41

Odds Calculator
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