What does 50 to 71 odds mean?

"What does 50 to 71 odds mean?" Here we will tell you what 50 to 71 odds mean, what 50 to 71 probability means, and show you what a 50 to 71 odds payout would be.

50 to 71 odds
This means that out of 121 possible outcomes, odds are that there will be 50 of one kind of outcome and 71 of another kind of outcome.

For every 121, odds are that 50 will be a particular event and 71 will be another event.

50 to 71 probability
There is a 41.32 percent probability of a particular outcome and 58.68 percent probability of another outcome.

50 to 71 odds payout
If you bet 1 on a game with 50 to 71 odds and you win, your total payout will be 1.70 which is your bet plus 0.70 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 50 to 71, the fraction for the Odds is 50/71, but the fraction to calculate the probability is 50/121.

Formulas and calculations used for 50 to 71 odds where A=50 and B=71

Odds
A / B =
50 / 71 =
50/71

Probability
A / (A + B) =
50 / (50 + 71) =
50/121 = 41.32%

Payout
((Bet*A)/B)) + Bet =
((1*50)/71)) + 1 =
1.70

Odds Calculator
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What does 50 to 72 odds mean?
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