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Are 50 to 1 odds bad or good?

Updated: 4/28/2022
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11y ago

Best Answer

Not very good:

For 50 to 1 odds of winning;

Probability of winning:

0.019608, or;

Chance of winning:

1.96%

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11y ago
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Q: Are 50 to 1 odds bad or good?
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Continue Learning about Statistics

What is the chance of winning twice when the odds are 50 percent?

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."


What are the odds of getting 6 tails on 6 coin tosses?

If the coin is fair, thenThe chance of tails on the 1st toss is 50% (1/2).The chance of tails on the 2nd toss is 50% (1/2).The chance of tails on the 3rd toss is 50% (1/2).The chance of tails on the 4th toss is 50% (1/2).The chance of tails on the 5th toss is 50% (1/2).The chance of tails on the 6th toss is 50% (1/2).The probability of getting all of them is (1/2) x (1/2) x (1/2) x (1/2) x (1/2) x (1/2) = 1/64 = 1.5625 % .The odds are 63 to 1 against.


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4-6 Chances ----------------------------------------------------------- From Rafaelrz. There are three even numbers in a regular die, 2, 4 and 6. There are six equally probable outcomes of which three are unfavourable. So the odds of rolling an even number are 3:3 or 1:1. This means there is a 50% probability of success.

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What is the chance of winning twice when the odds are 50 percent?

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What are the odds of getting 6 tails on 6 coin tosses?

If the coin is fair, thenThe chance of tails on the 1st toss is 50% (1/2).The chance of tails on the 2nd toss is 50% (1/2).The chance of tails on the 3rd toss is 50% (1/2).The chance of tails on the 4th toss is 50% (1/2).The chance of tails on the 5th toss is 50% (1/2).The chance of tails on the 6th toss is 50% (1/2).The probability of getting all of them is (1/2) x (1/2) x (1/2) x (1/2) x (1/2) x (1/2) = 1/64 = 1.5625 % .The odds are 63 to 1 against.