Find the odds in favor and against for:
7:5
Calculate the probability of the event occurring given odds in favor of
7:5
Odds in Favor Formula is denoted below:
| P(success) = | m |
| m + n |
Plugging in the values you entered of m = 7 and n = 5, we have:
| P(success) = | 7 |
| 7 + 5 |
| P(success) = | 7 |
| 12 |
P(success) = 0.58333333333333
Calculate the probability of the event not occurring given odds in favor of
7:5
Odds Against Formula is denoted below:
| P(failure) = | n |
| m + n |
Plugging in the values you entered of m = 7 and n = 5, we have:
| P(failure) = | 5 |
| 7 + 5 |
| P(failure) = | 5 |
| 12 |
P(failure) = 0.41666666666667
Final Answer
P(success) = 0.58333333333333
P(failure) = 0.41666666666667
P(failure) = 0.41666666666667
