- #26

amos behavin

Hi Russ:

The probability of this event occurring is 1/100!

The probability of this event not happening is 1-(1/100!)

The odds of this event not happening are 100!-1:1

Almost the same I admit, but odds and probability are not the same thing. If any of you guys go to Vegas, or even get into a crap game, you'll find that it's helpful to know the difference.

Consider flipping a coin: What is the probability of heads? Then what are the odds that you'll flip heads?

Please correct me if I'm mistaken.

Thanks

Amos Behavin

The probability of this event occurring is 1/100!

The probability of this event not happening is 1-(1/100!)

The odds of this event not happening are 100!-1:1

Almost the same I admit, but odds and probability are not the same thing. If any of you guys go to Vegas, or even get into a crap game, you'll find that it's helpful to know the difference.

Consider flipping a coin: What is the probability of heads? Then what are the odds that you'll flip heads?

Please correct me if I'm mistaken.

Thanks

Amos Behavin

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