Odds Math's odds comparison service helps you find low margin betting odds and sports arbitrage opportunities between two bookmakers. Betting odds are written in the form r:s (" r to s ") and correspond to the probability of winning P=s/(r+s). Therefore, given a probability P, the odds of winning are. Definition of Odds: Odds in probability of a particular event, means the ratio between the number of favorable outcomes to the number of unfavorable outcomes.
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