Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an Odds Statement?

April 26, 2017odds

0

Posted

What is an Odds Statement?

1 Answer

0

Posted

An Odds Statement is the basic unit of Book of Odds. It is a concise statement of probability of the form: The odds a person will be struck by lightning in a year are 1 in 835,500 (US, 1995-2007). Think of an Odds Statement as analogous to an entry in a dictionary. It follows a consistent set of conventions making it easy to understand and compare to any other. Book of Odds contains hundreds of thousands of carefully researched Odds Statements. Learn more in the How To Use Book of Odds section.