What does 72 to 12 odds mean?

"What does 72 to 12 odds mean?" Here we will tell you what 72 to 12 odds mean, what 72 to 12 probability means, and show you what a 72 to 12 odds payout would be.

72 to 12 odds
This means that out of 84 possible outcomes, odds are that there will be 72 of one kind of outcome and 12 of another kind of outcome.

For every 84, odds are that 72 will be a particular event and 12 will be another event.

72 to 12 probability
There is a 85.71 percent probability of a particular outcome and 14.29 percent probability of another outcome.

72 to 12 odds payout
If you bet 1 on a game with 72 to 12 odds and you win, your total payout will be 7.00 which is your bet plus 6.00 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 72 to 12, the fraction for the Odds is 72/12, but the fraction to calculate the probability is 72/84.

Formulas and calculations used for 72 to 12 odds where A=72 and B=12

Odds
A / B =
72 / 12 =
72/12

Probability
A / (A + B) =
72 / (72 + 12) =
72/84 = 85.71%

Payout
((Bet*A)/B)) + Bet =
((1*72)/12)) + 1 =
7.00

Odds Calculator
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