How do people go about calculating odds?

Answer by  TravisUSMC (979)

very simply. Pick 2 horses for example. Check their history for total wins and total losses. If they have won10 times and lost 5 their odds are 50%. Compare horses.

Answer by  Sally30 (163)

Odds are calculated by taking the total number of desired results to the total number of possibilities. If you roll a six sided die, your chances of rolling a 1 are 1 in 6. One because there is there is one (1) on the die, and six total sides (possibilities).

Answer by  unni (259)

People can do the calculations of odd numbers. There are two types of numbers. That is odd and even. examples of odds are 1,3,5,7,9 etc. we can do the calculations of odds numbers like even numbers. addition , subtraction, multiplication, fraction, square root and everything can do with odd numbers

Answer by  esteban (1334)

To calculate odds against, you divide the probability of failure by the probability of success. For example, suppose you want to find the odds choosing the correct number 1 to 5. The probability of failure is 4/5 and the probability of success is 1/5. So, 4/5 divided by 1/5 is 4/1 or "4 to 1"