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- 2011-7-11
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Quant - probability - odds calculation
If we know the odds for an event are 1 to 6, we compute as folllows:
1/(1+6) = 1/7 = 14.29%
Can someone please shed some light on the logic/rationale behind the addition of 1 in the denominator. Is there a way to explain it mathematically? |
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发表于 2011-7-13 14:56
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