$\begingroup$ An odds ratio is the ratio of two odds Each individual odds value in the ratio can be converted to a probability as you propose, but I don't think that the same transformation applied to an odds ratio results in a probability value that has any easy interpretation $\endgroup$ – EdM Jan 29 ' at 1734Odds correlate to the probability of a team winning, which is the implied probability A 140 favorite has about a 54% chance of winning, while a 1 underdog has a 4545% chance Did you notice those percentages add up to more than 100%?How to find probability and odds and the difference between the two We also discuss experimental probablility, theoretical probability, odds in favor, and
Relative Risk Ratios And Odds Ratios
