If the odds are 179 to 2, the probability of winning is 0.01105, or; the chance of winning is 1.11%
well there are 6 sides and the odd of hitting one is a 1 out of 6 chance. the odds of hitting five is a 5 out 6 chance
Either way you are buying 5 tickets out of 500. That means that the probability of winning is 5/500 = 1/100 = 1%
A fair chance of winning is more than 50% chance of winning. Therefore probability = 0.5 We need to find a fair chance of winning atleast one match. 1-(5/6)^n > 0.5 hence, n=4 QED (quite easily done, :-p)
on a 6-sided die theres a 1/6 chance
If the odds are 179 to 2, the probability of winning is 0.01105, or; the chance of winning is 1.11%
For 5 to 3 odds of winning; the probability of winning is 0.375 or 37.5%
5 to 1 to win means the probability of actually winning is 1 to 5, or 0.2. The larger the payout, the longer (or poorer) the odds. Actually, 5 to 1 means 1 chance in 6 or 16.7%. Of course, race track odds may not be the true probablity of winning.
I assume the probability is given a percent, or as odds, i.e. there's a 20% chance or 1 in 5 chance. You convert a percent by dividing by 100, 20% = 0.20, you convert odds by dividing the first number by the second, ie: 1/5 = 0.20.
well there are 6 sides and the odd of hitting one is a 1 out of 6 chance. the odds of hitting five is a 5 out 6 chance
Either way you are buying 5 tickets out of 500. That means that the probability of winning is 5/500 = 1/100 = 1%
What the previous person said is incorrect, the lowest percentage of winning, at least on a double zero wheel is 2.63%, there is no 0.04 percent chance. so therefore every single spin if you bet on one number would be 2.63% chance of winning, out of all 276 spins your odds would still be 2.63% chance of winning in total, keep in mind one number pays 35 to 1 so if you bet 5 dollars and won, you would have 175 dollars, and you would have 35 chances to break even. No chance, because if 0.04% of the time you lose, you're losing all of the time. The odds, however, in roulette stay fixed, so at any one time, you'd have a 99.96% chance of winning with those odds.
the odds are calculated by multiplying the number of balls in sequence... for a 5 number win it would be 32x31x30x29x28.... to 1. the draw of your first number is 32:1 odds... your second number then becomes 31:1 odds and so on... or you have 1 chance in 24,165,120 to hit 5 numbers from a 32 ball machine
The probability is 0.416667 or 41.67%
Odds are expressed as a ratio of probability of winning versus probability of not winning. Consider a simple example of tossing a fair dice where you "win" if it lands on three. P(three):P(not three) = (1/6) : (5/6) = 1:5 . So your odds of winning are 5 to 1 against. Now let's imagine to win lotto you need to guess 6 numbers correctly out of 45 and each guess costs $1. Probability of winning (from 1 guess) = 1/(45 x 44 x 43 x 42 x 41 x 40) = 0.000000000171 Probability of not winning = 1-P(winning) = 0.999999999829 So the odds are 0.000000000171:0.999999999829 = 1:5,864,443,199 or just under 6 billion to 1 against!
A fair chance of winning is more than 50% chance of winning. Therefore probability = 0.5 We need to find a fair chance of winning atleast one match. 1-(5/6)^n > 0.5 hence, n=4 QED (quite easily done, :-p)
on a 6-sided die theres a 1/6 chance