Chance of winning: 2.78%
Chance of winning: 5.56%
Chance of winning: 12.5%
For 2 to 1 odds of winning;Probability of winning:0.333333, or;Chance of winning:33.33%
Not easy:For 26 to 1 odds of winning;Probability of winning:0.037037, or;Chance of winning:3.7%
Chance of winning: 2.78%
Chance of winning: 5.56%
Chance of winning: 12.5%
Here are the two for comparison;For 3 to 1 odds of winning;Probability of winning:0.25, or;Chance of winning:25%---------------------For 9 to 1 odds of winning;Probability of winning:0.1, or;Chance of winning:10%
For 2 to 1 odds of winning;Probability of winning:0.333333, or;Chance of winning:33.33%
Not easy:For 26 to 1 odds of winning;Probability of winning:0.037037, or;Chance of winning:3.7%
Not very good:For 50 to 1 odds of winning;Probability of winning:0.019608, or;Chance of winning:1.96%
Depends. Here's how it looks:For 10 to 1 odds of winning;Probability of winning:0.090909, or;Chance of winning:9.09%
For 3 to 1 odds of winning;Probability of winning:0.25, or;Chance of winning:25%
It means that the odds are 4 to 1 against winning. This would translate into a 20% chance of winning.
If you mean like a coin toss, it's 50% probability of winning, also known as even or 1:1 odds. Winning once has a probability of p=0.5. Winning twice has a probability of p*p = p^2 = 0.25 = 25% = 1/4 = "1 chance in 4" = "odds of 3 to 1 against."
probability of winning: 1089/350000 = 0.00311 or 0.31% chance of winning. Expressed as odds: 1 time in 321 tries.