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Odds against given Odds in Favor Formula

GoOdds against Formula

GoOdds against given Probability of Success Formula

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Odds Against is the ratio of the number of unfavorable outcomes (losing) to the number of favorable outcomes (winning). Check FAQs

O A = \frac{1}{O F}

O_A - Odds Against?O_F - Odds in Favor?

Odds against given Odds in Favor Example

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Here is how the Odds against given Odds in Favor equation looks like with Values.

Here is how the Odds against given Odds in Favor equation looks like with Units.

Here is how the Odds against given Odds in Favor equation looks like.

0.6667 = \frac{1}{1.5}

0.6667 = \frac{1}{1.5}

0.6667 = \frac{1}{1.5}

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Odds against given Odds in Favor Solution

Follow our step by step solution on how to calculate Odds against given Odds in Favor?

FIRST Step Consider the formula

O A = \frac{1}{O F}

Next Step Substitute values of Variables

∴

O A = \frac{1}{1.5}

Next Step Prepare to Evaluate

∴

O A = \frac{1}{1.5}

Next Step Evaluate

∴

O A = 0.666666666666667

LAST Step Rounding Answer

∴

O A = 0.6667

Odds against given Odds in Favor Formula Elements

Variables

Odds Against

Odds Against is the ratio of the number of unfavorable outcomes (losing) to the number of favorable outcomes (winning).

Symbol: O_A

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Odds Against

Odds in Favor

Odds in Favor is the ratio of the number of favorable outcomes (winning) to the number of unfavorable outcomes (losing).

Symbol: O_F

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Odds in Favor

Other Formulas to find Odds Against

Go Odds against

O A = \frac{n L}{n W}

Go Odds against given Probability of Success

O A = \frac{1 - p BD}{p BD}

Go Odds against given Probability of Failure

O A = \frac{q}{1 - q}

Go Odds against given Probability of Success and Failure

O A = \frac{q}{p BD}

Other formulas in Odds Probability category

Go Probability of Success given Odds in Favor

p BD = \frac{O F}{O F + 1}

Go Odds in Favor given Probability of Failure

O F = \frac{1 - q}{q}

Go Odds in Favor given Probability of Success

O F = \frac{p BD}{1 - p BD}

Go Probability of Failure given Odds in Favor

q = \frac{1}{O F + 1}

How to Evaluate Odds against given Odds in Favor?

Odds against given Odds in Favor evaluator uses Odds Against = 1/Odds in Favor to evaluate the Odds Against, The Odds against given Odds in Favor formula is defined as the ratio of the number of unfavorable outcomes (losing) to the number of favorable outcomes (winning), calculated using odds in favor. Odds Against is denoted by O_A symbol.

How to evaluate Odds against given Odds in Favor using this online evaluator? To use this online evaluator for Odds against given Odds in Favor, enter Odds in Favor (O_F) and hit the calculate button.

FAQs on Odds against given Odds in Favor

What is the formula to find Odds against given Odds in Favor?

The formula of Odds against given Odds in Favor is expressed as Odds Against = 1/Odds in Favor. Here is an example- 0.666667 = 1/1.5.

How to calculate Odds against given Odds in Favor?

With Odds in Favor (O_F) we can find Odds against given Odds in Favor using the formula - Odds Against = 1/Odds in Favor.

What are the other ways to Calculate Odds Against?

Here are the different ways to Calculate Odds Against-

Odds Against=Number of Losses/Number of Wins
Odds Against=(1-Probability of Success in Binomial Distribution)/Probability of Success in Binomial Distribution
Odds Against=Probability of Failure/(1-Probability of Failure)

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