What does 76 to 1 odds mean?

"What does 76 to 1 odds mean?" Here we will tell you what 76 to 1 odds mean, what 76 to 1 probability means, and show you what a 76 to 1 odds payout would be.

76 to 1 odds
This means that out of 77 possible outcomes, odds are that there will be 76 of one kind of outcome and 1 of another kind of outcome.

For every 77, odds are that 76 will be a particular event and 1 will be another event.

76 to 1 probability
There is a 98.70 percent probability of a particular outcome and 1.30 percent probability of another outcome.

76 to 1 odds payout
If you bet 1 on a game with 76 to 1 odds and you win, your total payout will be 77.00 which is your bet plus 76.00 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 76 to 1, the fraction for the Odds is 76/1, but the fraction to calculate the probability is 76/77.

Formulas and calculations used for 76 to 1 odds where A=76 and B=1

Odds
A / B =
76 / 1 =
76/1

Probability
A / (A + B) =
76 / (76 + 1) =
76/77 = 98.70%

Payout
((Bet*A)/B)) + Bet =
((1*76)/1)) + 1 =
77.00

Odds Calculator
76 to 1 odds is not the only odds we have the answer to. Enter odds to learn the meaning here.

What does 76 to 2 odds mean?
Go here for the next odds on our list that we have interpreted.