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#21
It looks like how a bookie compute the odds, for payouts:)
Is their something we don't know, about you?
A mathematician maybe?
Computing odds =
Computing Effects Measures of frequency
- Measures of frequency
- Proportion, proportion difference, and proportion ratio
- Odds, odds difference, and odds ratio
- Rate, rate difference, and rate ratio
- Effects on continuous variables
- Arithmetic mean difference
- Geometric mean ratio
http://www.u.arizona.edu/~shahar/book/Chapter%203.pdf