Odds

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Odds are a way of measuring the likelihood of particular outcomes. When trying to determine the likelihood of winning a contest, odds can come in handy. The odds in favor of an event are the ratio of favorable outcomes to unfavorable outcomes. The odds against an event are the ratio of unfavorable outcomes to favorable outcomes. We can actually take the odds of an event and convert it to a probability. It's a simple formula where probability is the total number of successes divided by the number of trials. It is also possible to convert probabilities to odds with a similar formula.

Today's free 8th Grade Math video on Odds is a great way to learn how to express the likelihood of something happening. It's a concept utilized often in our life, especially when trying to make a decision based upon the possibility of particular results. Professor Burger will run you through several sample problems in the 3 lectures on the video. Just make sure you click the forward button to the left of the time stamp to move to the next lecture on the video.

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This page contains a single entry by April Stockwell published on May 5, 2011 9:22 AM.

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