It is not usual to use odds in the way you have written. The usual ways:Hello,
Does a word ''odds'' mean the same as probability?
If so, can we say
''Your odds to be hired in this company are minor''
Following the above logic, the odds of 10 to 1 will give 11 if win.if you said you were backing a horse whose odds were "5 to 1" then everyone would know what you meant (i.e. if your horse wins then you win five times your stake plus your stake back)... using the decimal betting system that would be 6.0.
No. wandle was right in the original post which you edited in your "quote." If you read that the odds on a horse are 100 to 1, it means that the horse has about a 1% chance of winning.Hi Wandle, just to make sure, the probability is 5/6, not 1/6 right?
The use of odds on and odds against, I agree with, but odds and probability are not the same thing. See Jacobian's post #5.I would never say 'the odds of' anything, as this can cause the very confusion clearly explained by Jacobian.
It is better to say 'the odds on' or 'the odds against'.
If we say the odds on a horse winning are five to one, this means the probability it will win is 5/6.
If we say the odds against are five to one, we mean the probability of the win is 1/6.