Game and Odds Analysis

Common Misconceptions About Odds and Probability

Common Misconceptions About Odds and Probability

Introduction: Why This Stuff Gets Misunderstood Odds and probability are often thrown around like they mean the same thing—but they don’t. Odds express a ratio of outcomes (like 3:1), while probability measures the likelihood of a specific outcome happening, typically as a percentage or decimal (like 0.25 or 25%). They’re related, but not interchangeable, and

Common Misconceptions About Odds and Probability Read More »