What does 80 to 2 odds mean?

"What does 80 to 2 odds mean?" Here we will tell you what 80 to 2 odds mean, what 80 to 2 probability means, and show you what a 80 to 2 odds payout would be.

80 to 2 odds
This means that out of 82 possible outcomes, odds are that there will be 80 of one kind of outcome and 2 of another kind of outcome.

For every 82, odds are that 80 will be a particular event and 2 will be another event.

80 to 2 probability
There is a 97.56 percent probability of a particular outcome and 2.44 percent probability of another outcome.

80 to 2 odds payout
If you bet 1 on a game with 80 to 2 odds and you win, your total payout will be 41.00 which is your bet plus 40.00 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 80 to 2, the fraction for the Odds is 80/2, but the fraction to calculate the probability is 80/82.

Formulas and calculations used for 80 to 2 odds where A=80 and B=2

Odds
A / B =
80 / 2 =
80/2

Probability
A / (A + B) =
80 / (80 + 2) =
80/82 = 97.56%

Payout
((Bet*A)/B)) + Bet =
((1*80)/2)) + 1 =
41.00

Odds Calculator
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What does 80 to 3 odds mean?
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