This is an online odds calculator helps out the percentage probability of winning or losing a bet and decide whether the reward is worth the risk.
What does that mean by ‘odds’?
Odds are a numerical expression that reflects the likelihood that the event will take place, usually expressed as a ratio. For example, the odds of a football team losing a match maybe 1 to 3. The odds of you winning a lottery might by 1 to 100,000.
What do these numbers mean? Let’s analyze one of these options more closely. For example, if the odds for a football team losing are 1 to 3, it means that if they played 4 times, they would win 3 times and lose once.
How to calculate odds?
Our odds calculator calculates odds and returns the result in a percentage. If a team would win 3 out of 4 games and lose 1 of them, we can say that the chances of winning are 3/4 = 75%, and of losing 1/4 = 25%.