What does 70 to 30 odds mean?

"What does 70 to 30 odds mean?" Here we will tell you what 70 to 30 odds mean, what 70 to 30 probability means, and show you what a 70 to 30 odds payout would be.

70 to 30 odds
This means that out of 100 possible outcomes, odds are that there will be 70 of one kind of outcome and 30 of another kind of outcome.

For every 100, odds are that 70 will be a particular event and 30 will be another event.

70 to 30 probability
There is a 70.00 percent probability of a particular outcome and 30.00 percent probability of another outcome.

70 to 30 odds payout
If you bet 1 on a game with 70 to 30 odds and you win, your total payout will be 3.33 which is your bet plus 2.33 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 30, the fraction for the Odds is 70/30, but the fraction to calculate the probability is 70/100.

Formulas and calculations used for 70 to 30 odds where A=70 and B=30

Odds
A / B =
70 / 30 =
70/30

Probability
A / (A + B) =
70 / (70 + 30) =
70/100 = 70.00%

Payout
((Bet*A)/B)) + Bet =
((1*70)/30)) + 1 =
3.33

Odds Calculator
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What does 70 to 31 odds mean?
Go here for the next odds on our list that we have interpreted.