# How do odds differ from chances?

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I found an web page from Drexel University, "Ask Dr. Math", that explains the difference between odds and PROBABILITY. Perhaps that's the difference you're asking about.
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"Odds" and "chances" are usually used interchangably.

The odds of my lottery ticket winning may be 100 million to 1.

(There are only two possible -outcomes- for that ticket. It's a winner, or it's a loser.)
Reply: The factor of PROBABILITY is exactually the point I am getting to... My question is more about PERCENTAGE than PROBABILITY because I am referring to a "combination" of numbers, such as five, or six, numbers appearing from a total comprised amount of numbers (number of chances). Since "lottery" has entered your answer to my question, we'll use that for the subject. ODDS and CHANCES are used interchangably, but there is still a difference between the two. If you were playing lottery would you select a combination like: 1-2-3-4-5-6? Why not? Because it would be improbable- right? You would pick more of a "scatter" pattern- because the "odds" say you have a better chance. This being a fact, patterns appear on different percentage levels (of wahich there can only be eleven) comprising the total number of chances. Of course, you would play the most propable one- eliminating the other ten patterns, and thus increasing your odds.

No. Although "odds" and "chances" ARE used interchangably in common conversation, there is a HUGE difference in the terms.

Simply put, "chance" relates to the likelyhood of a future event WITH NO HISTORY considered. "Odds", on the other hand, considers history. "Chance" is expressed as a percentage translation of the ratio of a particular outcome versus all possible outcomes.

"Odds" are expressed as a ratio WITHOUT a percentage translation. For example, if a (fair) coin is tossed 3 times and all three tosses land on heads, the PROBABILTY (odds) of the next toss coming up heads is only 1 of 16. The "CHANCE", on the other hand, never changes and is 50% on EVERY toss.
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Is even numbers.

# What it the difference of Probability and odds.?

Probability is defined as the chance of something occurring in a non paranormal phenomena. Odd's are the chances of the Probability happening.

# What are the chances of rolling an odd number on a die?

Total possible outcomes of a single roll of a single die (1, 2, 3, 4, 5, 6) = 6 Odd numbers (1, 3, 5) = 3 Probability of an odd number = 3/6 = 1/2 = 50% .

# What is the chance of winning twice when the odds are 50 percent?

If you mean like a coin toss, it's 50% probability of winning, also known as even or 1:1 odds. Winning once has a probability of p=0.5. Winning twice has a probability of p

# How are even and odd numbers different?

Even numbers can be divided by 2 (with no remainder) while odd number can not be divided by 2 (with no remainder). 4 is an even number (2 into 4 goes twice) 5 is an odd n

# What is the chance of picking an odd number out of twenty numbers?

The answer depends on what the twenty numbers are!

# Which difference is odd?

The difference that when divided by 2 does not give a whole number is the odd one. For example, 6-2=4 , 4 divided by 2=2 , 2 is a whole number; so 6-2 is not odd. 5-4=1 , 1 di

# What is the chance of selecting an odd number from a pack of cards?

Assuming you count the jack & king picture cards as 11 & 13 respectively, the odds are 7:6 in favour of an odd card.

# What are the chances of getting an odd number card?

In a 52 deck card there are 20 even numbered cards. So, your odds would be 20 out of 52 or reduced to 5 out of 13 chance.

# What are your odds of winning if you have 31 chances to win out of 5000?

31/5000 = 0.0062 = 0.62 % (probability), or aprox. 3 to 500

# What is the chance of winning with 35 to 1 odds?

Chance of winning: 2.78%

# What is the chance of winning with 100 to 5 odds?

Chance of winning: 4.76%

# What is the chance of winning with 100 to 1 odds?

Chance of winning: 0.99%

# What is the chance of winning with 17 to 1 odds?

Chance of winning: 5.56%

# What is the chance of winning with 7 to 1 odds?

Chance of winning: 12.5%

# What are the chances of not getting odd or prime numbers from 1 to 50?

Chances of not getting odd or prime number from 1 to 50 = Chances of getting an even composite number from 1 to 50 = Number of even composite numbers from 1 to 50/Total num

# What is the chance of the pointer landing on an odd number?

The answer will depend on how many numbers there are, how wide the sectors are, whether or not the pointer spins freely and is spun fairly. Since you have not bothered to shar