The probability of an event occurring is 23/50. What are the odds that the event will occur?

Question

anonymous · Answer

if the probability in favor is p, then the odds in favor are 
$$\frac{p}{1-p}$$
i.e. probabilty in favor divided by the probability against.  in this case you get 
$$\frac{23}{27}$$

anonymous · Answer

think of it easy as 23 out of 50 chances to win and therefore 27 out of 50 to lose.

amistre64 · Answer

the odds are 46%

amistre64 · Answer

23/50 that it occurs.

the odds that it WILL occur are 46% right?

anonymous · Answer

really?  in that case i made a mistake, but i don't think so.

anonymous · Answer

oh no that is probability, not odds.

amistre64 · Answer

ahhh... like saying 5 to 2 or something right?

anonymous · Answer

if the probability i win is \frac{2}{3}\] then the odds i win are two to one.

anonymous · Answer

$$\frac{p}{1-p}$$

amistre64 · Answer

chance occur to chance not occur is an odd then right?

anonymous · Answer

right like saying 5 to 2.  exactly

anonymous · Answer

yes right.

anonymous · Answer

not really used much in math, but sometimes.  gamblers' ruin problem. used mostly at the track.