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What Do Odds Of 1/7 Mean? [Solved]
7-1 Betting Odds means that out of 8 possible outcomes, the 7/1 odds are that there will be 7 of one kind of outcome and 1 of another kind of outcome. The 7-1 odds calculation means for every 8 betting events your selection should win 1 time and on 7 occasions the selection will not win.
Why “probability of 0” does not mean “impossible” | Probabilities of probabilities, part 2
Also, for the real analysis buffs among you, there was
Odds vs. Probability: Definition, Explanation, Calculation, Examples and Comparison in One Minute
Many people wrongfully assume
12 Consecutive Odds Ratios - Part 1 | Definition
We define consecutive
