The probability that an event will occur is the fraction of times you expect to see that event in many trials Probabilities always range between 0 and 1 The odds are defined as the probability that the event will occur divided by the probability that the event will not occur A probability of 0 is the same as odds of 0From a mathematics standpoint, let's assume p = number of possible positive outcomes of an event q = number of possible negative outcomes of an event Therefore p q = total number of outcomes of an event The probability of a positive event occurr The odds are 1626 and probability is 016% If you're playing poker long enough you will somewhat regularly encounter the aces vs kings scenario at a table A formula to estimate the probability for this to happen at a 9 player table is This formula slightly underestimates the actual probability which is a little bit higher
Logistic Regression
