Statistics and probability
Odds
A comparison of favourable outcomes with unfavourable outcomes rather than with all outcomes.
Common notation odds for = p:(1−p)
In one sentence
What does Odds mean?
A comparison of favourable outcomes with unfavourable outcomes rather than with all outcomes.
How it is written
odds for = p:(1−p)
A compact example
A probability of 3/4 corresponds to odds of 3:1 in favour.
Clear answers
Questions about Odds
What does Odds mean in mathematics?
A comparison of favourable outcomes with unfavourable outcomes rather than with all outcomes.
How is Odds written?
A common notation is odds for = p:(1−p).
What is an example of Odds?
A probability of 3/4 corresponds to odds of 3:1 in favour.