Re: Calcluting odds
Either one is close enough. Decisions that turn on that fine a difference are rare. As far as simplifying an odds estimation instead of probability, there is no easy way, because it isnt a linear relationship...as you keep adding more outs the odds drop less and less. It is easier to estimate the probability and do the second step (1-p)/p, which isnt that hard. Round the probability to the nearest 5% and you arent going to be that far off either.
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