What does 68 to 4 odds mean?

"What does 68 to 4 odds mean?" Here we will tell you what 68 to 4 odds mean, what 68 to 4 probability means, and show you what a 68 to 4 odds payout would be.

68 to 4 odds
This means that out of 72 possible outcomes, odds are that there will be 68 of one kind of outcome and 4 of another kind of outcome.

For every 72, odds are that 68 will be a particular event and 4 will be another event.

68 to 4 probability
There is a 94.44 percent probability of a particular outcome and 5.56 percent probability of another outcome.

68 to 4 odds payout
If you bet 1 on a game with 68 to 4 odds and you win, your total payout will be 18.00 which is your bet plus 17.00 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 68 to 4, the fraction for the Odds is 68/4, but the fraction to calculate the probability is 68/72.

Formulas and calculations used for 68 to 4 odds where A=68 and B=4

Odds
A / B =
68 / 4 =
68/4

Probability
A / (A + B) =
68 / (68 + 4) =
68/72 = 94.44%

Payout
((Bet*A)/B)) + Bet =
((1*68)/4)) + 1 =
18.00

Odds Calculator
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