What does 70 to 2 odds mean?

"What does 70 to 2 odds mean?" Here we will tell you what 70 to 2 odds mean, what 70 to 2 probability means, and show you what a 70 to 2 odds payout would be.

70 to 2 odds
This means that out of 72 possible outcomes, odds are that there will be 70 of one kind of outcome and 2 of another kind of outcome.

For every 72, odds are that 70 will be a particular event and 2 will be another event.

70 to 2 probability
There is a 97.22 percent probability of a particular outcome and 2.78 percent probability of another outcome.

70 to 2 odds payout
If you bet 1 on a game with 70 to 2 odds and you win, your total payout will be 36.00 which is your bet plus 35.00 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 70 to 2, the fraction for the Odds is 70/2, but the fraction to calculate the probability is 70/72.

Formulas and calculations used for 70 to 2 odds where A=70 and B=2

Odds
A / B =
70 / 2 =
70/2

Probability
A / (A + B) =
70 / (70 + 2) =
70/72 = 97.22%

Payout
((Bet*A)/B)) + Bet =
((1*70)/2)) + 1 =
36.00

Odds Calculator
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