What does 98 to 15 odds mean?

"What does 98 to 15 odds mean?" Here we will tell you what 98 to 15 odds mean, what 98 to 15 probability means, and show you what a 98 to 15 odds payout would be.

98 to 15 odds
This means that out of 113 possible outcomes, odds are that there will be 98 of one kind of outcome and 15 of another kind of outcome.

For every 113, odds are that 98 will be a particular event and 15 will be another event.

98 to 15 probability
There is a 86.73 percent probability of a particular outcome and 13.27 percent probability of another outcome.

98 to 15 odds payout
If you bet 1 on a game with 98 to 15 odds and you win, your total payout will be 7.53 which is your bet plus 6.53 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 98 to 15, the fraction for the Odds is 98/15, but the fraction to calculate the probability is 98/113.

Formulas and calculations used for 98 to 15 odds where A=98 and B=15

Odds
A / B =
98 / 15 =
98/15

Probability
A / (A + B) =
98 / (98 + 15) =
98/113 = 86.73%

Payout
((Bet*A)/B)) + Bet =
((1*98)/15)) + 1 =
7.53

Odds Calculator
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