Convert stated odds to a decimal value of probability and a percentage value of winning and losing. This calculator will convert "odds for winning" an event or "odds against winning" an event into percentage chances of both winning and losing.
Odds Calculator Formula / Calculation
A =
56.42
B =
41.12
winning = B / (A + B) * 100 = 41.12 / (56.42 + 41.12) * 100 = 41.12 / (97.54) * 100 = 42.16 %
losing = A / (A + B) * 100 = 56.42 / (56.42 + 41.12) * 100 = 56.42 / (97.54) * 100 = 57.84 %