Understand the difference between probability and odds. 0606.5.4

Links verified on 7/16/2014

1. Changing Probability To Odds - Math Magic explains how to change from one to the other
2. Figuring the Odds (Probability Puzzles) - twenty questions with answers
3. Finding the odds - Odds are used to describe the chance of an event occurring. The odds are the ratios that compare the number of ways the event can occur with the number of ways the event cannot occur.
4. How Are Odds Related to Probability? - The basic idea is that probability uses a real number between zero and one to measure the likelihood of an event occurring
5. Odds Slang for Probability? - Dr. Math says, "No, odds is not slang for probability. There is a difference." This page explains the difference
6. Probability and Odds - examples, worksheet, answer key, and checklist [12 pages]
7. Probability or Odds - Same of Different - Who better to explain this concept than Frank Scoblete, writer for the Casino City Times
8. Probability vs. Odds Ratio - the difference between odds ratio and probability in layman's language
9. Probability vs. Odds, Explained - answer from Ask Dr. Math