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The Stats Geek: Interpreting Odds and Odds Ratios

Curated by ACT

This article by a statistician explains the difference between probability and odds, the use of fractional odds in a gambling context, how odds ratios are used, and why they are used instead of risk/probability ratios.

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Concepts
probability
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Additional Tags
fractional odds, risk/probability ratios, the stats geek: interpreting odds and odds ratios, odds
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