What does 81 to 2 odds mean?

"What does 81 to 2 odds mean?" Here we will tell you what 81 to 2 odds mean, what 81 to 2 probability means, and show you what a 81 to 2 odds payout would be.

81 to 2 odds
This means that out of 83 possible outcomes, odds are that there will be 81 of one kind of outcome and 2 of another kind of outcome.

For every 83, odds are that 81 will be a particular event and 2 will be another event.

81 to 2 probability
There is a 97.59 percent probability of a particular outcome and 2.41 percent probability of another outcome.

81 to 2 odds payout
If you bet 1 on a game with 81 to 2 odds and you win, your total payout will be 41.50 which is your bet plus 40.50 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 81 to 2, the fraction for the Odds is 81/2, but the fraction to calculate the probability is 81/83.

Formulas and calculations used for 81 to 2 odds where A=81 and B=2

Odds
A / B =
81 / 2 =
81/2

Probability
A / (A + B) =
81 / (81 + 2) =
81/83 = 97.59%

Payout
((Bet*A)/B)) + Bet =
((1*81)/2)) + 1 =
41.50

Odds Calculator
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What does 81 to 3 odds mean?
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