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Old 08-02-2002, 01:04 PM
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Default simplified

The odds of an event occurring are the same as the inverse of the probability of it occurring.

Ex.: An event has a 25% (or 1/4) chance of success. Then, the odds of it occurring are 4-1. So, in application, if you're facing a calling situation where success is 25% likely and are getting 5-1 odds on a given call, then it's a wise investment.

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