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When someone tells you the probability of something happening they are telling you how likely that something is.
Meaning of odds math. The value is expressed from zero to one. The meaning of probability is basically the extent to which something is likely to happen. Decimal odds represents the. Fractional odds are sometimes called british odds or traditional odds and are sometimes written as a fraction such as 6 1 or expressed as a ratio like six to one.
Definition and formula probability is the likelihood of something happening.
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