What does 51 to 37 odds mean?

"What does 51 to 37 odds mean?" Here we will tell you what 51 to 37 odds mean, what 51 to 37 probability means, and show you what a 51 to 37 odds payout would be.

51 to 37 odds
This means that out of 88 possible outcomes, odds are that there will be 51 of one kind of outcome and 37 of another kind of outcome.

For every 88, odds are that 51 will be a particular event and 37 will be another event.

51 to 37 probability
There is a 57.95 percent probability of a particular outcome and 42.05 percent probability of another outcome.

51 to 37 odds payout
If you bet 1 on a game with 51 to 37 odds and you win, your total payout will be 2.38 which is your bet plus 1.38 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 51 to 37, the fraction for the Odds is 51/37, but the fraction to calculate the probability is 51/88.

Formulas and calculations used for 51 to 37 odds where A=51 and B=37

Odds
A / B =
51 / 37 =
51/37

Probability
A / (A + B) =
51 / (51 + 37) =
51/88 = 57.95%

Payout
((Bet*A)/B)) + Bet =
((1*51)/37)) + 1 =
2.38

Odds Calculator
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What does 51 to 38 odds mean?
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