What does 59 to 12 odds mean?

"What does 59 to 12 odds mean?" Here we will tell you what 59 to 12 odds mean, what 59 to 12 probability means, and show you what a 59 to 12 odds payout would be.

59 to 12 odds
This means that out of 71 possible outcomes, odds are that there will be 59 of one kind of outcome and 12 of another kind of outcome.

For every 71, odds are that 59 will be a particular event and 12 will be another event.

59 to 12 probability
There is a 83.10 percent probability of a particular outcome and 16.90 percent probability of another outcome.

59 to 12 odds payout
If you bet 1 on a game with 59 to 12 odds and you win, your total payout will be 5.92 which is your bet plus 4.92 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 59 to 12, the fraction for the Odds is 59/12, but the fraction to calculate the probability is 59/71.

Formulas and calculations used for 59 to 12 odds where A=59 and B=12

Odds
A / B =
59 / 12 =
59/12

Probability
A / (A + B) =
59 / (59 + 12) =
59/71 = 83.10%

Payout
((Bet*A)/B)) + Bet =
((1*59)/12)) + 1 =
5.92

Odds Calculator
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