chapter  3
8 Pages

The Odds

T h e m a th em atica l te rm for chance is probability. For exam ple, w hen you cast a fair die, the p robab ility th a t a specific face will show up is 1 /6 , w hich m eans 1 ou t of 6 equally likely outcom es. In o th e r w ords, the chance is 1 in 6 or the odds are 6 to 1. T hus, h igher odds co rrespond to sm aller p robab ilities (chances) and vice versa.