Odds against given Probability of Success Calculator

✖Probability of Success in Binomial Distribution is the likelihood of winning an event.ⓘ Probability of Success in Binomial Distribution [p_BD]

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✖Odds Against is the ratio of the number of unfavorable outcomes (losing) to the number of favorable outcomes (winning).ⓘ Odds against given Probability of Success [O_A]

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Odds against given Probability of Success

Formula

`"O"_{"A"} = (1-"p"_{"BD"})/"p"_{"BD"}`

Example

`"0.666667"=(1-"0.6")/"0.6"`

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Odds against given Probability of Success Solution

STEP 0: Pre-Calculation Summary

Formula Used

Odds Against = (1-Probability of Success in Binomial Distribution)/Probability of Success in Binomial Distribution
O_A = (1-p_BD)/p_BD
This formula uses 2 Variables

Variables Used

Odds Against - Odds Against is the ratio of the number of unfavorable outcomes (losing) to the number of favorable outcomes (winning).
Probability of Success in Binomial Distribution - Probability of Success in Binomial Distribution is the likelihood of winning an event.

STEP 1: Convert Input(s) to Base Unit

Probability of Success in Binomial Distribution: 0.6 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

O_A = (1-p_BD)/p_BD --> (1-0.6)/0.6

Evaluating ... ...

O_A = 0.666666666666667

STEP 3: Convert Result to Output's Unit

0.666666666666667 --> No Conversion Required

FINAL ANSWER

0.666666666666667 ≈ 0.666667 <-- Odds Against

(Calculation completed in 00.004 seconds)

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Created by Nayana Phulphagar

Institute of Chartered and Financial Analysts of India National college (ICFAI National College), HUBLI

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< 18 Odds Probability Calculators

Probability of Success

Go Probability of Success in Binomial Distribution = Number of Wins/(Number of Wins+Number of Losses)

Odds in Favor given Probability of Success

Go Odds in Favor = Probability of Success in Binomial Distribution/(1-Probability of Success in Binomial Distribution)

Odds against given Probability of Success

Go Odds Against = (1-Probability of Success in Binomial Distribution)/Probability of Success in Binomial Distribution

Probability of Failure

Go Probability of Failure = Number of Losses/(Number of Wins+Number of Losses)

Odds in Favor given Probability of Success and Failure

Go Odds in Favor = Probability of Success in Binomial Distribution/Probability of Failure

Odds against given Probability of Success and Failure

Go Odds Against = Probability of Failure/Probability of Success in Binomial Distribution

Probability of Success given Odds in Favor

Go Probability of Success in Binomial Distribution = Odds in Favor/(Odds in Favor+1)

Odds in Favor given Probability of Failure

Go Odds in Favor = (1-Probability of Failure)/Probability of Failure

Odds against given Probability of Failure

Go Odds Against = Probability of Failure/(1-Probability of Failure)

Probability of Failure given Odds against

Go Probability of Failure = Odds Against/(Odds Against+1)

Odds in Favor

Go Odds in Favor = Number of Wins/Number of Losses

Odds against

Go Odds Against = Number of Losses/Number of Wins

Probability of Success given Probability of Failure

Go Probability of Success in Binomial Distribution = 1-Probability of Failure

Probability of Failure given Probability of Success

Go Probability of Failure = 1-Probability of Success in Binomial Distribution

Probability of Success given Odds against

Go Probability of Success in Binomial Distribution = 1/(Odds Against+1)

Probability of Failure given Odds in Favor

Go Probability of Failure = 1/(Odds in Favor+1)

Odds in Favor given Odds against

Go Odds in Favor = 1/Odds Against

Odds against given Odds in Favor

Go Odds Against = 1/Odds in Favor

Odds against given Probability of Success Formula

Odds Against = (1-Probability of Success in Binomial Distribution)/Probability of Success in Binomial Distribution
O_A = (1-p_BD)/p_BD

What are Odds in Probability?

In probability theory, odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not. Odds are commonly used in gambling and statistics.

Odds also have a simple relation with probability: the odds of an outcome are the ratio of the probability that the outcome occurs to the probability that the outcome does not occur.

Odds can be expressed as a ratio of two numbers or as a number, by dividing the terms in the ratio.

Odds range from 0 to infinity, while probabilities range from 0 to 1, and hence are often represented as a percentage between 0% and 100%.

How to Calculate Odds against given Probability of Success?

Odds against given Probability of Success calculator uses Odds Against = (1-Probability of Success in Binomial Distribution)/Probability of Success in Binomial Distribution to calculate the Odds Against, The Odds against given Probability of Success formula is defined as the ratio of the number of unfavorable outcomes (losing) to the number of favorable outcomes (winning), calculated using probability of success. Odds Against is denoted by O_A symbol.

How to calculate Odds against given Probability of Success using this online calculator? To use this online calculator for Odds against given Probability of Success, enter Probability of Success in Binomial Distribution (p_BD) and hit the calculate button. Here is how the Odds against given Probability of Success calculation can be explained with given input values -> 1.5 = (1-0.6)/0.6.

FAQ

What is Odds against given Probability of Success?

How to calculate Odds against given Probability of Success?

The Odds against given Probability of Success formula is defined as the ratio of the number of unfavorable outcomes (losing) to the number of favorable outcomes (winning), calculated using probability of success is calculated using Odds Against = (1-Probability of Success in Binomial Distribution)/Probability of Success in Binomial Distribution. To calculate Odds against given Probability of Success, you need Probability of Success in Binomial Distribution (p_BD). With our tool, you need to enter the respective value for Probability of Success in Binomial Distribution and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Odds Against?

In this formula, Odds Against uses Probability of Success in Binomial Distribution. We can use 4 other way(s) to calculate the same, which is/are as follows -

Odds Against = Number of Losses/Number of Wins
Odds Against = 1/Odds in Favor
Odds Against = Probability of Failure/(1-Probability of Failure)
Odds Against = Probability of Failure/Probability of Success in Binomial Distribution

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