How to Calculate Odds & Rations?

Answer Statistically speaking, the word odds is not the same as its colloquial use, for which it usually means chance or likelihood. In research, odds refers to the mathematical probability of an event oc... Read More »

Top Q&A For: How to Calculate Odds & Rations

How to Calculate Odds?

Games of chance are based on calculating odds. Odds and probability use statistics to predict something happening or not happening. Odds are the chance of something happening against the chances th... Read More »

How to Calculate Lotto Odds?

Lotto! Pick your numbers! Buy a ticket! But, what (really) are the odds of you cashing in on that multi million dollar win?

How to Calculate Pre-Flop Odds?

A proper understanding of the odds in Texas Hold-em poker will help improve your game. While Texas Hold-em is generally a psychological game between participants, most professional poker players ha... Read More »

How to Calculate the Odds of Winning a Raffle?

Often community or non-for-profit organizations run local raffles to raise money. Usually a person will pay a certain sum of money for a chance to win the raffle. It is possible to calculate the pr... Read More »