Probability vs Odds

How to find probability and odds and the difference between the two. We also discuss experimental probablility, theoretical probability, odds in favor, and odds against.
0:20 Theoretical Probability Definition and Formula
0:46 Odds Formula and Definition
0:59 Example Problem 1 marbles in a hat
2:11 Example 2 Spinner Problem
3:10 Difference between Theoretical and Experimental Probability
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[@MariosMathTutoring]

Like this video but would like to see more examples? Check out this video I did regarding Probability with Cards here: kzbin.info/www/bejne/eXLXhnmcoMd-oLs

[@LevonNikox]

The odds are wrong for spinning. The odd for spinning on 4 sliced pizza is 1.25 and not 1/3

[@johanmorales7400]

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[@johanmorales7400]

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[@bruce6126]

Finally: a simple, straightforward answer.

[@MariosMathTutoring]

Glad you liked the straightforward video Bruce 612!

[@sashahosseini1963]

Finally a math teacher that can explain math easy

[@mattvatterott2765]

Thanks for having the text already prepared. Perfect.

[@Alexa-qd8tr]

Thank you so much! My teacher didn’t explain the concept of odds very well and you just gave a simple and short answer! New subscriber! 😊

[@MariosMathTutoring]

Welcome to the channel Alexa! Glad my video helped you!

[@abdurrehmanalozai1398]

I am a doctor and I found this video very helpful in understanding the very basic concept of odd ratio and probability. Thank you very much.

[@MariosMathTutoring]

Your welcome! I’m glad my video was able to help you out. Thanks for letting me know.

[@wl1495]

AKA, ''I'm a massive big pharma cuck, I bend over to big pharma all day so I think I am an important person that happens to understand your content. thank you very much''

[@hunterelizabeth8167]

I only saw the first forty-two seconds of this video and I got it! Thank you, sir!

[@MariosMathTutoring]

Glad my video helped you so quickly Elizabeth!

[@sareaqq]

Thank you so so much, this will definitely help me on my upcoming test on Friday!

[@MariosMathTutoring]

Best of luck!

[@meninblan1752]

I have a final exam tomorrow and I’m at a loss for words on how fast I understood your explanation. You have my sub

[@MariosMathTutoring]

Welcome to the channel! Glad my video helped you so quickly!

[@cherisocha5299]

Your video is the only way I could understand the probability, odds in favor, odds against. I tried for 2 weeks with family members who are amazing at math trying to help me and I could not understand. Plus reading the examples in the text and taking extensive notes. Still no dice. I needed to get this for me to do well in my MAT-144 class. I cannot thank you enough for explaining it so simply so this tired momma could understand.

[@MariosMathTutoring]

Glad to hear my video helped you!

[@FoodieExplorerr]

Wow! after an hour of trying, this video thought everything in 5 min to me. THHANKYOUUUUU SO MUCH

[@ingridcanales]

I have been struggling with odds for about a day now- 33 seconds in ~ and I finally understand 😭😩 thank you

[@nikhilbhutani7567]

Same

[@lavenderxolemon]

I have a math test tomorrow and I felt in the dark still until I watched this video. Thank you!!!! You gained a subscriber~

[@truth9758]

OMG, I finally understand the difference between probability and odds. Thank you so much.

[@ahmadchannel9303]

I Just want to comment again as I repeated the video for the second time and for the first time understand those terms, very simple explanation. Thank you so much.

[@ofeliyasofiyeva2960]

The best explanation can be found on KZbin.

[@MariosMathTutoring]

Glad it was helpful!

[@kimberlysilva5619]

i have searched youtube for a good explanation on this topic and you are the only one who explained it perfect. great video! SUBBED*

[@academia3602]

First time studying odds and this video helped me to understand the basic concept of it.

[@ninaddongare6514]

It was straightforward but textbooks made it so complicated. Thank u sir

[@BONES4SNATCH]

Thanks!

[@kalasadik2496]

God bless

[@MariosMathTutoring]

Thank you so much!

[@satishvavilapalli24]

so simple n straight

[@MariosMathTutoring]

Glad you liked the video Satish!

[@satishvavilapalli24]

@@MariosMathTutoring u deserve it..

[@amynguyen4454]

Thanks for reviving my high school Math studies in under 5 minutes

[@nachovmenendez]

Wow that's a great explanation but I was more taken aback by the shape of your skull. Truly magnificent, congratulations.

[@adamsheridan9643]

It was advanced algebra that kept me from advancing in college; I simply didn't have the patience in my 20's to deal with it. Now, in my 50's, I think I can deal with the challenges math presents.

[@MariosMathTutoring]

Yes, sometimes students are in a different place after high school or college and are ready to revisit these topics. Glad my videos can play a small part in helping you.

[@coolbrat9060]

Fun fact, i actually have a test tomorrow and i didn't really understand what the teacher was saying so i came here lol

[@MariosMathTutoring]

Glad my video was able to help you Biz Roxy!

[@aliazimdaudpota1117]

Excellent! Finally understood it👍🏼👍🏼👍🏼

[@MariosMathTutoring]

Glad my video helped you Ali!

[@dance7830]

Very Clear Explanation. It's easy to understand.

[@MariosMathTutoring]

Glad you liked the explanation Danceki!

[@liferajib]

This is the best video on Odds and Probability

[@MariosMathTutoring]

Glad you liked my probability video Rajib!

[@drmirwaisamiri6015]

Amazing! As simply explained as it could be. Came here for another purpose but just subscribed.

[@orangecaprinun]

Always helpful professor Mario!

[@robertotieno5709]

Thanks for your simplicity

[@justinbot3213]

Wow, quick answer to my question and the rest is pure explaining it. Congrats on the new sub

[@MariosMathTutoring]

Glad my video helped you answer your question! Welcome to the channel!

[@Kevessi]

Thank you mr. Lex Luther

[@ahmadchannel9303]

an incredibly simple explanation of the most confusing terms. Thank you

[@aaronlam6780]

very clear, making the difference between probability and odds so comprehensible, thanks for your effort

[@MariosMathTutoring]

Your welcome Aaron. If you need more help with probability check out my probability playlist on my channel.

[@stevenramirezmolina1046]

More clear IMPOSIBLE ! , REALLY GOOD EXPLANATION !!

[@mataine3371]

Thanks a lot! the best explanation I've seen so far!!

[@MariosMathTutoring]

You’re welcome Mat!

[@mohinicoder]

Simple and straight answer. Thank you.

[@deanpenn7446]

You really helped the kids understand it better. Great Video !

[@MariosMathTutoring]

Glad to hear my video was helpful!

[@justinking5964]

Great. SImply Clearly explained. And I like your speed of talking and way of teaching. Hello Mr Maio's I am interested in lottery pick 3 and I have discovered something. but nobody can understand and believe me. I want to know some matchatician or teacher to hear me out.

[@Ellie_Kyu]

Crystal clear explanation

[@MariosMathTutoring]

Glad you liked the video!

[@seldom7288]

thanks i had a problem in odds in favor and you just fixed it thanks my teacher didn't make it clear

[@MariosMathTutoring]

+noboby rr great! Glad the video helped.

[@alyaaazzain433]

Thank you very much for your easy and excellent explanation

[@rrkings]

Finally I actually understand, I wasn’t really paying attention in math class -_-

[@MariosMathTutoring]

Glad my video helped you!

[@lg2058]

Nice. Concise and clear.

[@MariosMathTutoring]

Glad you liked the video Lev!

[@thaohuynh564]

ohm, cool ~ it's very straightforward. Thanks Mario,

[@Kurto.]

Thank you very much sit.

[@biloliddinfarkhodov3956]

Very clear explanation, thank you

[@LipticZone]

Nice video! My class is doing this unit right now.

[@MariosMathTutoring]

Glad you liked the video!

[@willykitheka7618]

Excellent work...excellent explanation

[@MariosMathTutoring]

Thanks Willy! Glad you liked my probability vs odds video!

[@AlokTiwari-tx8zi]

Great explanation.

[@MariosMathTutoring]

Glad it was helpful!

[@michaeljoefox]

This is awesome. Thank you.

[@MariosMathTutoring]

I'm glad you found it helpful!

[@thecookbookwithadarsh]

Amazing video... Thank you

[@tantei7640]

very clear explaining!

[@MariosMathTutoring]

Glad you liked my explanation Zhang!

[@jakegarza4131]

I pla1y the lotto the numbers I guess I don't use cause more than likely I'm wrong, do u have any ideas

[@jakegarza4131]

@@MariosMathTutoring Mario, Can I play a lotto game numbers from 1-35 game is on everybody. OK so I guess 5 numbers more than likely I'm wrong so I don't use them and I throw out the numbers from the night before cause what are the odds of the numbers being exakly everynight. Can you give me other tips on how to play?

[@SalmanKhanKool]

Amazing Sir, thank you very much!

[@MariosMathTutoring]

Most welcome!

[@cecela7220]

This video helped me so much, thank you!!

[@mohamedkazerooni2734]

Awesome.. thanks for your explanation

[@MariosMathTutoring]

You’re welcome Mohammed!

[@fernandoguevara2330]

Thank you so much, this helped me so much!

[@rishi6736]

Thank you soo much, I'm ready for betting now.

[@4everThoughtful]

Thank you for yet another clearly explained video.

[@baseball2165]

I got a question. If the odds against something are 23:57, what are the odds for? And what is the probability that it will happen

[@adamurmann9369]

57:23 odd for and i don't get what your second question is

[@agiokap]

"odds against" = 23 / 57, so: "odds for" = receprical of "odds against" = 57 / 23 Also: "odds for" = ( *favorable* (1) / not favorable ), but: ( favorable + not favorable ) = 57 + 23 = *all events* (2) But, the definition of the theoretical probability is comprised of things we already know: (1) and (2). Namelly: "probability for" = *( favorable / all events )* = 57 / 57 + 23 = 57 / 80 = *0.7125* "probability against" = ( 1 - "probabilty for" ) = 1 - 0.7125 = *0.2875* (Another way: "odds for" = "probability for" / "probability against" = "probability for" / 1 - "probability for" We know: "odds for", so we can solve for: "probability for" through the above equation)

[@dziugas6795]

For some reason the probability and odds aspect is very hard thing to understand for me, thanks for the explanation

[@danishsharma496]

thank you sir , I had problem in odds but now its clear . your videos are really helpful

[@MariosMathTutoring]

You’re welcome Danish! Glad you like my videos!

[@jakegarza4131]

Hey I play a lotto game numbers from 1-35 I guess numbers then I throw them out cause nitrogen likely I'm wrong. Can u give me another I idea. My method works half way

[@batghost7665]

Thank you very much it was a very useful video.

[@MariosMathTutoring]

Glad it was helpful!

[@nikhilbhutani7567]

Thanks for the help

[@lasseaberg5267]

Best explanation I've seen in this topic.

[@MariosMathTutoring]

Awesome! Glad you liked my video!

[@apotter8888]

Thank you. I never took statistics and I am trying to read some, and this is very helpful.

[@MariosMathTutoring]

You’re welcome! Glad my video helped you Alan!

[@jayakalra1545]

Simple and easy explanation. Helped me!

[@MariosMathTutoring]

Glad my video helped you Jaya!

[@superjzh]

Thank you so much. Such a good video with clear explanation!

[@MariosMathTutoring]

Your welcome! Glad my video was able to help you!

[@Nihit]

What are the odds that I will ever say the word odds again without overthinking it? Loved the video sir, thank you

[@MariosMathTutoring]

Glad you liked it!

[@Aycore2011]

Thank you, sir.

[@MariosMathTutoring]

You're welcome.

[@John-PaulMutebi]

Your awesome man keep up the work

[@MariosMathTutoring]

Thanks! Will do!

[@7justfun]

Amazing video...

[@Chia-Wei-Hsu]

Thank you!

[@matheds5043]

Great teacher. Thanks and congratulations,

[@MariosMathTutoring]

Thank you for the compliment. Glad you like my videos and channel!

[@PeterAdiSaputro]

How about calculating odds for football (soccer) game ? Is it the same way ? How I can know or find favorable and unfavorable number to calculate odds ?

[@emilyparsons4056]

THIS REALLY HELPED THANKS

[@aqibalam1135]

Hi my fine sir, hope you are doing well my knight. Thank you so so so very much my kind gentleman. WOWZERS can I get an autograph pretty please with a cherry on toppppppppppuhhhu. 😭😭❤️❤️❤️. We need more teachers like you. WAIT. SCRATCH THAT. we need more humans like you madame 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏😍.

[@MariosMathTutoring]

Glad you like my videos Aqib!

[@Sw33tMochi]

Very helpful, thanks.

[@MariosMathTutoring]

You’re welcome Fangni!

[@grantbooth9983]

Thanks Mario

[@MariosMathTutoring]

You’re welcome Grant! Glad my probability video helped you!

[@lizandrews3884]

You're a lifesaver. I've been feeling bad all week & my class discussions & assignments are due today. Needed to learn this fast so I can do my work. This was simple & made total sense. Thank you so much. Definitely subscribed.

[@MariosMathTutoring]

+Liz Andrews great! Glad my video helped you! Welcome to the channel.

[@lizandrews3884]

Mario's Math Tutoring Thank you so much. I'm in Statistics class & had a very rocky start with a crashed laptop. That's all squared away but the crash learning is brutal. Too bad I didn't see a vid on regression too.

[@ndatoolombakambonde1078]

Thanks you a lot my lecture don't explain more details and you are the best keep it up and all the best

[@MariosMathTutoring]

You’re welcome Ndatoolomba! Glad my videos and channel are helping you!

[@kimberlycordes6265]

Good Job

[@F1U7R2Y9]

Very good explanation i subbed. Meanwhile

[@MariosMathTutoring]

Welcome to the channel!

[@yuhsuanshih3100]

it's very useful information, thanks!

[@MariosMathTutoring]

You’re welcome!

[@ExpressionWithKenya]

This was so helpful, thank you so much!

[@MariosMathTutoring]

You’re welcome Kenya!

[@michelefalcey3324]

Thank you so much! Great video helped me a lot.

[@MariosMathTutoring]

You’re welcome Michele! Glad my video helped you!

[@iax]

Helped me so much thanks

[@MariosMathTutoring]

You’re welcome! Glad my video helped you!

[@jbutler2005]

Great Vid!! Keep up the good work!!!

[@MariosMathTutoring]

Thanks! Glad you liked my video!

[@snethembasibiya7773]

wow!!! Finally! Thank you so much

[@MariosMathTutoring]

You’re welcome!

[@kevinassang3158]

it's totally simpler this way thank you

[@MariosMathTutoring]

Your welcome!

[@Spadenace]

loved it!

[@MariosMathTutoring]

Glad you liked the video!

[@CatalinaAc90]

thank you very much!!!

[@MariosMathTutoring]

You’re welcome Catalina!

[@NoahAvery96]

In Warren Buffett’s book Snowball, he mentions that if there’s a 10% chance of failure, and you do it every year for 50 years, you have a 99.5% of failing. Do you know of an equation that would allow me to calculate this so I can change the percentages and number of years? Thanks

[@Universanature]

haaa i feel easy now after understanding it

[@bobgraham1791]

Thanks for the video, why do both concepts exist? I mean in what situation would you want to think in terms of odds rather than probability? It seems like the formulas are based on words the mean the same thing. So probability is success (which is favourable right?) divided by total possible outcomes (which we would consider unfavourable)? What does odds tell me that probability doesn't?

[@destinyhorton1831]

The probability that an event will occur is the fraction of times you expect to see that event in many trials , and the odds are defined as the probability that the event will occur divided by the probability that the event will not occur

[@jodianngreene9586]

Hi! I was wondering if you can help with these two questions.. 1. If the Knicks are +150 to win the game, was is that expressed as a %? 2.if you see -120 as the odds of something happening, what is the probability of that occurring

[@robinsyoutube4899]

p(x)/(1-p(x)) = odds, so the probablility would be 0.9934 roughly

[@blackballer890]

Well explained!

[@MariosMathTutoring]

+Urr Ace thanks. Glad you liked the video!

[@nyxnighthawk7382]

Thank you so much!

[@JohnnyJr396]

So gambling odds are given favorable/unfavorable in the house’s perspective and you’re taking unfavorable/favorable perspective? if you’re taking betting odds of 3/1 The house have is looking at 3 wins to your 1 Basically gambling odds are your chance of losing/your chance of winning?