Re: Not fishy
Odds are always expressed as wins-TO-losses. Probability is wins IN total tries. 1-to-1 odds means 1 win for every 1 loss or even money, and this is the same as 1 IN 2. You cannot use the two forms interchangably without changing the numbers, and they are not arbitrary. Probability of 1 in x will always correspond to odds of x-1 to 1. If the odds are 5-1 against me, that means I win 1 time in 6.
If I have 8 outs to make my hand on the turn, that's 8 out of 47, and since 8 cards make my hand while 39 do not, the odds are 39-to-8 which is almost 5-1.
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