Specifically, ‘odds’ refers to expressions like ‘5 to 3 against’
Oh right, I forgot about that definition. The main probability conversions that I was aware of involved converting between fractions and percentages, sometimes expressed instead as probabilities between 0 and 1. Theoretically, it makes sense that odds can also be converted to or from probabilities, now that I think about it. Thanks for your explanation.
Oh right, I forgot about that definition. The main probability conversions that I was aware of involved converting between fractions and percentages, sometimes expressed instead as probabilities between 0 and 1. Theoretically, it makes sense that odds can also be converted to or from probabilities, now that I think about it. Thanks for your explanation.