Talk:Odds

message: What does it mean when I see a website posting odds for certain candidates, like Guiliani has 9-2 odds, or Hillary Clinton has 7-2 odds? DRosenbach (Talk | Contribs) 13:55, 27 June 2007 (UTC)
thread_title: Presidential odds

message: In gambling, representation of probabilities differs by location - (EU: 1.25, UK: 1/4, US: -400). Juz saying --90.185.76.189 (talk) 20:28, 2 April 2009 (UTC)
thread_title:  Gambling perspective 

message: Starting an article with a mathematical equation is not the best way to inform people. Can we have some "plain speak" for those of us who are math challenged?  —Preceding unsigned comment added by 65.23.116.46 (talk) 06:54, 2 May 2009 (UTC)
replies: text: I believe that the explanation in the article is plainly wrong, and there is no reference. The odds for getting six when throwing a die, (a dice), is 1 to 5, not 1/5. Odds are unnormalized probabilities. The normalizing divisor is the sum of the odds, so the probability for getting six when throwing a die is 1/(1+5), and the probability for not getting six when throwing a die is 5/(1+5). While probabilities are almost never integers, odds are very often integers, and so odds are more easily accepted by nonmathematicians. Bo Jacoby (talk) 19:22, 21 July 2009 (UTC)
thread_title:  What? 

message: I have never come across this way of speaking. On this account if an event were given odds of 1000, it would be considered very likely. However in the UK, "a thousand to one" would refer to a very UNlikely event. This page gives no references as to where exactly this information is coming from. Please supply that information. Incompetnce (talk) 13:36, 3 August 2009 (UTC)
thread_title:  References? 

message: This passage uses a single example to touch on two different issues, which I think would be better addressed in separate sections: 
1) The distinctions among the terms "odds","probability", and "chances".  
2) The distinction between the odds a bookie posts and (his beliefs about) the true odds of each outcome
Btw, does "chances" have an agreed-upon definition, either in math or in common parlance? Or do people sometimes use it to mean odds and sometimes use it to mean probability?
Kathryn Tzvia (talk) 11:20, 28 January 2010 (UTC)
replies: text: There is an agreed-on definition but some writers are sloppy or careless. 2 IN  5, and 2 TO 3 are both sometimes call chances, sometimes odds, obviously they both define the same probability, hence people don't need to be careful. 
Also one can say "a chance" meaning an opportunity and "chance" meaning probability.
2 chances for and 3 chances against is odds 2:3. It's 2 chances in favour out of 5 altogether so a chance of 2/5. Richard Gill (talk) 05:59, 23 April 2013 (UTC)
thread_title: Breaking up "Gambling odds versus probabilities" section

message: "In a 3-horse race, for example, the true chances of each of the horses winning based on their relative abilities may be 50%, 40% and 10%. These are the relative probabilities of the horses winning and are simply the bookmaker's 'odds' multiplied by 100 for convenience."
1) I think 50%, 40%, 10% can(must?) be called probabilities of the horses winning (not "relative probabilities"), since they represent the probability of that horse winning out of all possible outcomes, as opposed to the ratio between the probabilities of any two of the horses winning.  
: Agree. 50% is a chance, not an odds. 50%= 50/100.Richard Gill (talk) 05:51, 23 April 2013 (UTC)
replies: text: The odds are 2:3 (2 in favour, 3 against) and the probability is 40% = 2/(2+3). Richard Gill (talk) 05:54, 23 April 2013 (UTC)

text: You're absolutely right. Some more references would help. Richard Gill (talk) 05:54, 23 April 2013 (UTC)
thread_title: Terminology/math errors

message: I propose merging most of Fixed-odds betting into Odds, with any material that doesn't fit there being moved into Bookmaker or Gambling.  As it stands, the Fixed-odds betting article does not seem to make much sense as a stand-alone article.  It covers much of the same ground as the Odds article, including different ways of displaying odds (fractional, decimal etc).  It seems to have been created purely as a means of distinguishing between fixed-odds betting, Parimutuel betting and Spread betting.  If this is the case, then the article should be rewritten to reflect this, and the explanation of different types of odds etc. redirected here. Any thoughts? Peaky76 (talk) 00:20, 26 April 2013 (UTC)
replies: text: There seems to be a lot of overlap between articles on these topics. It would seem sensible to have fewer, better articles, but I'm not an expert in this field: I just link here a lot when writing about horse racing. As several articles would be affected I would raise the issue at WikiProject Gambling and then go ahead if no-one objects. Tigerboy1966  08:38, 11 May 2013 (UTC)
thread_title: Proposed merger from Fixed-odds betting

message: If the gamble was paying 4-1 and the event occurred, one would make 40 units, or a profit of 30 units.
I think it should be
...make 50 units, or a profit of 40 units.
Jmichael ll (talk) 01:33, 23 September 2013 (UTC)
thread_title:  wrong profit 

message: An editor has identified a potential problem with the redirect :Betting odds and has thus listed it for discussion. This discussion will occur at Wikipedia:Redirects for discussion/Log/2022 May 18#Betting odds until a consensus is reached, and readers of this page are welcome to contribute to the discussion.  Bonoahx (talk) 22:52, 18 May 2022 (UTC)
thread_title:  "Betting odds" listed at [[Wikipedia:Redirects for discussion|Redirects for discussion]] 

message: يوجد خطء ما الصفحه لا تعمل اطلاقا ولا أعلم السبب 41.68.66.202 (talk) 23:25, 3 June 2023 (UTC)
thread_title:  الصفحه لا تعمل 

message: The redirect Shoo-in has been listed at redirects for discussion to determine whether its use and function meets the redirect guidelines. Readers of this page are welcome to comment on this redirect at  until a consensus is reached.  Utopes (talk / cont) 04:36, 25 April 2024 (UTC)
thread_title:  "[[:Shoo-in]]" listed at [[Wikipedia:Redirects for discussion|Redirects for discussion]]