32:["$","main",null,{"children":["$","article",null,{"className":"SiteLayout-module__16F2PG__card","id":"mw-main","children":[["$","div",null,{"className":"SiteLayout-module__16F2PG__cardHead","children":["$","h1",null,{"className":"SiteLayout-module__16F2PG__cardTitle","children":"Odds in Gambling"}]}],["$","div",null,{"className":"SiteLayout-module__16F2PG__content","children":[false,[["$","script","0",{"type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"{\"@context\":\"https://schema.org\",\"@type\":\"DefinedTerm\",\"name\":\"Odds in Gambling\",\"description\":\"Gambling odds (m:n) show payoffs, not probabilities. A bet of n dollars wins m dollars profit. Understand how gambling odds differ from true probability.\",\"url\":\"https://www.mathwords.com/o/odds_in_gambling.htm\",\"inDefinedTermSet\":{\"@type\":\"DefinedTermSet\",\"name\":\"Mathwords\",\"url\":\"https://www.mathwords.com/\"}}"}}]],false,[["$","div",null,{"className":"LegacyContent-module__gmcoNq__content ","dangerouslySetInnerHTML":{"__html":"

Odds in Gambling

A way of representing gambling payoffs\n of an event by a method similar to odds\n against.\n If the gambling odds are m:n (read\n aloud "m to n"), then a bet of n dollars pays m dollars\n profit if the bettor wins.

Note: Gambling odds are not probabilities. See\n odds in favor.

$\"Example$

\n \n "}}],false],false]}]]}]}]