Odds is a see also of probability As nouns the difference between odds and probability is that odds is the ratio of the probabilities of an event happening to that of it not happening while probability is the state of being probable; Odds vs Probability Probability is a mathematical assumption of chance that can be calculated using an equation The equation measures the chances for an event to occur against the total number of chances that occurrence may produceHome > Online Casinos > Casino Articles > House Odds vs True Odds House Odds vs True Odds I've written about house odds vs true odds before, but not in so many words You can read about the basics of probability on this site, and you can read about the house edgeBut another way of looking at these concepts is by examining the difference between payoff odds and true odds
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