Probability

Probability is favourable outcomes over total outcomes. Add for "or" when events cannot overlap, multiply for "and".

A worked example

Rolling a 2 or a 5: those cannot both happen, so 1/6 + 1/6 = 1/3. Two aces without replacement: (4/52) x (3/51).

The mistake people actually make

Odds compare wins to losses; probability compares wins to the total. Odds of 3:5 means a probability of 3/8, not 3/5.

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