+1 vote
How do you calculate odds of winning?

2 Answers

+1 vote
If a team is available to back or lay at 2.0 the market is telling you that team has a 50% chance of winning or losing the game, because to convert decimal prices to percentage chance you simply divide the odds by 100 (e.g. 100/2.0 = 50% : 100/3.0 = 33.33%).
0 votes
How to Calculate the Percentage Chances of Winning a Raffle : Math Instruction

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