Chances Winning Numbers

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On the other hand, the odds of the horse you bet on winning the race may be equal to 4 to 3. What do these numbers mean? There are two types of odds ratios: 'odds of winning' and 'odds of losing'. For odds of winning, the first number is the chances for success, and the second is the chances against success (of losing).
The odds: Ticket holders have a 1 in 292.2 million chance of winning Powerball. One expert says you have the same odds of flipping a quarter and getting heads 28 times in a row.

Calculator Use

So what are my chances of winning the Mega Millions? 1 in 302,575,350 to be exact, but that’s only for the minimum grand prize of $40 million. The math we showed you in the previous section shows us that there are over 300 million possible draws, and that's what the chances of winning are if you only play one set of numbers. You win if the numbers on one row of your ticket match the numbers of the balls drawn on that date. There are nine ways to win a prize, from $2 to the jackpot. If no one wins the jackpot, the money is added to the jackpot for the next drawing. Overall chances of winning a prize are 1 in 24. View Mega Millions draw videos on YouTube. Only JACKPOT TRIPLE PLAY winners and prizes will be included with this JACKPOT TRIPLE PLAY winning number search result. To include Combo winners and prizes in the search result, please select to Search By: 18 Numbers.

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.

Be careful if you are using sports teams odds or betting odds. If you see that the Patriots super bowl odds are 9/2, that is most likely 'odds against' and should be entered in the calculator with 'Odds are: against winning.'

When playing a lottery or other games of chance be sure you understand the odds or probability that is reported by the game organizer. A 1 in 500 chance of winning, or probability of winning, is entered into this calculator as '1 to 500 Odds are for winning'. You may also see odds reported simply as chance of winning as 500:1. This most likely means '500 to 1 Odds are against winning' which is exactly the same as '1 to 500 Odds are for winning.'

Probability Formulas:

This calculator will convert 'odds of winning' for an event into a probability percentage chance of success.

Odds, are given as (chances for success) : (chances against success) or vice versa.

If odds are stated as an A to B chance of winning then the probability of winning is given as P_W = A / (A + B) while the probability of losing is given as P_L = B / (A + B).