What does 88 to 7 odds mean?

"What does 88 to 7 odds mean?" Here we will tell you what 88 to 7 odds mean, what 88 to 7 probability means, and show you what a 88 to 7 odds payout would be.

88 to 7 odds
This means that out of 95 possible outcomes, odds are that there will be 88 of one kind of outcome and 7 of another kind of outcome.

For every 95, odds are that 88 will be a particular event and 7 will be another event.

88 to 7 probability
There is a 92.63 percent probability of a particular outcome and 7.37 percent probability of another outcome.

88 to 7 odds payout
If you bet 1 on a game with 88 to 7 odds and you win, your total payout will be 13.57 which is your bet plus 12.57 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 88 to 7, the fraction for the Odds is 88/7, but the fraction to calculate the probability is 88/95.

Formulas and calculations used for 88 to 7 odds where A=88 and B=7

Odds
A / B =
88 / 7 =
88/7

Probability
A / (A + B) =
88 / (88 + 7) =
88/95 = 92.63%

Payout
((Bet*A)/B)) + Bet =
((1*88)/7)) + 1 =
13.57

Odds Calculator
88 to 7 odds is not the only odds we have the answer to. Enter odds to learn the meaning here.

What does 88 to 8 odds mean?
Go here for the next odds on our list that we have interpreted.