Question: what does 11/2 odds mean?
Answer: Odds compare one event to another event, whereas probability compares one event to both possible events. Thus, when the odds are 11 to 2, the fraction for the Odds is 11/2, but the fraction to calculate the probability is 11/13. Formulas and calculations used for 11 to 2 odds where A=11 and B=2. Odds.