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Odds, are given as (chances for success) : (chances against success) or vice versa. If odds are stated as an A to B chance of winning then the probability of winning is given as P_Win = A / (A + B) while the probability of losing is given as P_Lose = B / (A + B).

=	Number of Unfavourable Choices : Number of Favorable Choices Or Number of Failures : Number of Successes
=	P(Eventc) : P(Event)
=	(n " m) : m
=	n " m (n " m) + m : m (n " m) + m
=	n " m n : m n

Odds in Favor and Odds against an Event. Calculating

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