Because probability is measured from zero to one, where zero means something cannot happen and one meaning it will definitely happen. This can also be looked at as there being a 0% chance or 100% chance of it happening. So obviously there can not be more of a chance than it definitely happening, so it cannot be more than one.
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yes they can In terms of probability, one is taken to mean absolute certainty, something that must happen, equivalent to a 100% probability (100 out of 100 is equal to one). Hence, odds cannot be greater than one.
One out of two
There are many such events. The probability of throwing a 1 or 2 on one roll of a die, for example.
4 over/out of 6
1/3 and 1/3.