What does 63 to 2 odds mean?

"What does 63 to 2 odds mean?" Here we will tell you what 63 to 2 odds mean, what 63 to 2 probability means, and show you what a 63 to 2 odds payout would be.

63 to 2 odds
This means that out of 65 possible outcomes, odds are that there will be 63 of one kind of outcome and 2 of another kind of outcome.

For every 65, odds are that 63 will be a particular event and 2 will be another event.

63 to 2 probability
There is a 96.92 percent probability of a particular outcome and 3.08 percent probability of another outcome.

63 to 2 odds payout
If you bet 1 on a game with 63 to 2 odds and you win, your total payout will be 32.50 which is your bet plus 31.50 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 63 to 2, the fraction for the Odds is 63/2, but the fraction to calculate the probability is 63/65.

Formulas and calculations used for 63 to 2 odds where A=63 and B=2

Odds
A / B =
63 / 2 =
63/2

Probability
A / (A + B) =
63 / (63 + 2) =
63/65 = 96.92%

Payout
((Bet*A)/B)) + Bet =
((1*63)/2)) + 1 =
32.50

Odds Calculator
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