What are really high odds?
Can odds be over 100%?
Probability values can only range from 0 to 1 (0% to 100%), whereas odds can take on any value.How good are 20 to 1 odds?
What 20-to-1 means: When you see 20-to-1 odds, you're looking at a long shot that is unlikely to win. In fact, the implied win probability for a team that's 20-to-1 is 4.76%. However, should that long shot come in, it would pay out $20 for every $1 wagered.Are 10 to 1 odds bad?
At 10-1 horse odds you could look to bet each way and still show a good profit if the selection is only placed. Many punters ask if 10/1 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 10-1 winner is good odds and a 10/1 loser is bad odds.Are 7 5 odds good?
7 to 5 Implied ProbabilityThe 7-5 betting odds probability is a 58.3 per cent probability of a particular outcome and a 41.7 per cent probability of another outcome. The 7/5 odds implied probability means your selection has a 41.7% chance of winning and a 58.3% chance the selection will lose.
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Is 8 15 good odds?
Many punters ask if 8/15 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 8-15 winner is good odds and a 8/15 loser is bad odds.Is 8 11 good odds?
The 8-11 betting odds probability is a 42.11 per cent probability of a particular outcome and 57.89 per cent probability of another outcome. The 8/11 odds implied probability means your selection has a 57.89% chance of winning and a 42.11% chance the selection will lose.Are 5000 to 1 good odds?
But it's hard to imagine exactly how unlikely 5000-1 odds are. This means there was a 1 in 5000 chance of this event happening, 0.02%. If you can toss a fair coin 12 times and get it to land on heads 12 times, the chances of that happening are about 4000 to 1. This might seem likely to happen but give it a try.Is 20 to 1 odds bad?
The 20-1 betting odds probability is a 95.24 per cent probability of a particular outcome and 4.76 per cent probability of another outcome. The 20/1 odds implied probability means your selection has a 4.76% chance of winning and a 95.24% chance the selection will lose.Are 30 to 1 odds good?
With the standard 30-1 you'd get at most craps tables, bets on 2, 12 or hard hop bets give the house a 13.89 percent edge. If the payoff is 31-1, the edge drops only to 11.11 percent. True odds are 35-1, so there's a long way to go from 30-1 before these become viable bets.How good are 100 to 1 odds?
The 100-1 betting odds probability is a 99.01 per cent probability of a particular outcome and a 0.99 per cent probability of another outcome. The 100/1 odds implied probability means your selection has a 0.99% chance of winning and a 99.01% chance the selection will lose.How good is 50 to 1 odds?
50 to 1 Implied ProbabilityThe 50-1 betting odds probability is a 98.04 per cent probability of a particular outcome and 1.96 per cent probability of another outcome. The 50/1 odds implied probability means your selection has a 1.96% chance of winning and a 98.04% chance the selection will lose.
Are 1 in 12 odds good?
The 12/1 odds implied probability means your selection has a 7.69% chance of winning and a 92.31% chance the selection will lose.Can odds be infinite?
Odds range from 0 and positive infinity.What odds are rare?
- Very common affects more than 1 in 10 people – 10% or higher.
- Common affects between 1 in 100 and 1 in 10 people – 1% to 10%
- Uncommon affects between 1 in 1,000 and 1 in 100 people – 0.1% to 1%
- Rare affects between 1 in 10,000 and 1 in 1,000 people – 0.01% to 0.1%
Is 25 to 1 good odds?
25 to 1 Implied ProbabilityThe 25-1 betting odds probability is a 96.15 per cent probability of a particular outcome and a 3.85 per cent probability of another outcome. The 25/1 odds implied probability means your selection has a 3.85% chance of winning and a 96.15% chance the selection will lose.
Is 14 to 1 good odds?
The 14-1 betting odds probability is a 93.33 per cent probability of a particular outcome and a 6.67 per cent probability of another outcome. The 14/1 odds implied probability means your selection has a 6.67% chance of winning and a 93.33% chance the selection will lose.Is 16 to 1 odds good?
16 to 1 Implied ProbabilityThe 16-1 betting odds probability is a 94.12 per cent probability of a particular outcome and a 5.88 per cent probability of another outcome. The 16/1 odds implied probability means your selection has a 5.88% chance of winning and a 94.12% chance the selection will lose.
When someone gives you 10000 to 1 odds?
If there was one incontrovertible lesson from “The Office,” (the American version, not that British hot garbage), it's a teaching from 21st century philosopher/paper accountant Kevin Malone, who once asserted, “If someone gives you 10,000-to-1 odds on anything, you take it.”Is 10 11 good odds?
10 to 11 ProbabilityThe 10-11 betting odds probability is a 47.62 per cent probability of a particular outcome and 52.38 per cent probability of another outcome. The 10/11 odds probability means your selection has a 52.38% chance of winning and a 47.62% chance the selection will lose.
Are 9 to 5 odds good?
9 to 5 Implied ProbabilityThe 9-5 betting odds probability is a 64.3 per cent probability of a particular outcome and a 35.7 per cent probability of another outcome. The 9/5 odds implied probability means your selection has a 35.7% chance of winning and a 64.3% chance the selection will lose.
Are 9 1 odds bad?
A 9-1 winner is good odds and a 9/1 loser is bad odds.How good are 7 1 odds?
The 7-1 betting odds probability is an 87.50 per cent probability of a particular outcome and a 12.50 per cent probability of another outcome. The 7/1 odds implied probability means your selection has a 12.50% chance of winning and an 87.50% chance the selection will lose.
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