What does 45 to 56 odds mean?

"What does 45 to 56 odds mean?" Here we will tell you what 45 to 56 odds mean, what 45 to 56 probability means, and show you what a 45 to 56 odds payout would be.

45 to 56 odds
This means that out of 101 possible outcomes, odds are that there will be 45 of one kind of outcome and 56 of another kind of outcome.

For every 101, odds are that 45 will be a particular event and 56 will be another event.

45 to 56 probability
There is a 44.55 percent probability of a particular outcome and 55.45 percent probability of another outcome.

45 to 56 odds payout
If you bet 1 on a game with 45 to 56 odds and you win, your total payout will be 1.80 which is your bet plus 0.80 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 45 to 56, the fraction for the Odds is 45/56, but the fraction to calculate the probability is 45/101.

Formulas and calculations used for 45 to 56 odds where A=45 and B=56

Odds
A / B =
45 / 56 =
45/56

Probability
A / (A + B) =
45 / (45 + 56) =
45/101 = 44.55%

Payout
((Bet*A)/B)) + Bet =
((1*45)/56)) + 1 =
1.80

Odds Calculator
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