Odds??

What are odds? Odds are the  number of ways something can occur to the number of ways it can't occur. Probability is the best way to get to the point of finding odds. Probability shows you the number of ways something can occur to the overall total. Now your wondering how its possible to find odds by using probability. Well that is exactly what our class was wondering when we were given an activity where our class figures out the probability of dice and later the odds of dice.The first step was to fill out a table where we calculated the sum of two dice. Then we calculated how many sums of 1, 2, 3, 4, 5, 6 were calculated. Next we filled out another table that contained three categories. The first being the sum of dice, next the number of outcomes for each sum, and lastly the probability of each outcome, reduced down. Lastly after finding their probability we found the odds.

Now let me explain, as you can see in the example above we have one out of the total of eight chances of winning. So you have seven chances of losing and one chance of winning.In this example we are finding the ways something can't occur to the ways it can occur. This happens because eight subtracted by the one chance of winning gives you seven chances of losing while you still have one chance of winning. That is what odds is!

To me this was the easiest of all our lessons to understand because we used probability to define and show what odds are. Hopefully I didn't confuse you and you found this helpful. Have a great and wonderful day.

Simple definition of Odds!