This article is of interest to the following WikiProjects: | |||||||||||||||||||||||||||||||||||||||
|
- Words That Mean The Same As Determined
- Words That Mean The Same Thing
- Which Word Means The Same As Just
It appears that the term gambling is used generally within the state to refer to any activity relative to wagering, while the term gaming is used in all official references. VERBATIM: The Language Quarterly Vol X No 4. The -nyms are words that are similar to each other in meaning or in sound. They include (answer), (answer), (answer), and (answer). When you (answer) a sentence that you have read or heard, you are using synonyms. In contrast to the synonyms, (answer) are words that sound the same but have different meanings.
. Gambling is a generic word to describe the activity of placing wages on particular outcomes or events taking place while betting is the term used to refer to agreement between two parties where one party makes a prediction and loses or makes money if his prediction turns to be true. An activity characterised by a balance between winning and losing that is governed by a mixture of skill and chance, usually with money wagered on the outcome. A risky undertaking. The trickery used by a cardsharp to cheat in card games. Activity engaged in for enjoyment and recreation, especially.
Singular?[edit]
The book 'An Introduction to Medical Statistics' by Martin Bland says 'Note that 'odds' is a singular word, not the plural of 'odd'.' (p. 200), and uses this word in the singular form (e.g. 'The odds of that event is p/(1-p).'). This sounds odd to me (pardon the pun), could any native speaker confirm that (Bland himself is American afaik, so he should know, I guess).
Untitled[edit]
How can it be that the chance of you picking a Sunday is 1/6 instead of 1/7? I don't get it - someone explain. —Preceding unsigned comment added by 68.199.229.122 (talk • contribs)
- It's one Sunday versus six non-Sundays. The probability that you pick a Sunday is 1/7. That's the same as saying the odds in favor of picking a Sunday is 1/6. More long-windedly, we have
- Nobody said the 'chance' that you pick a Sunday is 1/6. It said 'odds', not 'chance'. 'Odds' is a precisely definted concept, not the same as 'chance' and not the same as 'probability', and you have to read its definition.
Michael Hardy 23:41, 18 March 2007 (UTC)
- But people also use the word 'odds' to mean probability. Like for example on this PowerBall page when they say the odds of winning the biggest jackpot are 1 in 175,223,510 they mean the probability of winning is 1/175,233,510 (five white balls from 1 to 59, and one red ball from 35 -- match in any order C(59,5)*35 = 175,233,510). This is also the way that Wired magazine used the word 'odds' (article about planets). And it also seems to be the way that the web site The Book of Odds used the term (they would have odds like the probability that an adult MLB fan roots for the Yankees is 1 in 9.77). The Book of Odds web site seems to be defunct now, but it is still available on the waybackmachine. On the other hand it seems that Wolfram|Alpha, MathWorld, and various dictionaries [1][2] have the same definition.
- Perhaps the solution is that the article should be updated to reflect the fact that people might use the term to mean the raw probability. If somebody says the odds of success are '5 in 7' then that means the probability of success is 5/7. This is different from saying '5 to 7' Jjjjjjjjjj (talk) . —Preceding undated comment added 00:07, 16 May 2012 (UTC).
Could someone explain why these are used in probability theory? I mean, I can see that they're used in betting because of hysterical raisins, but why elsewhere? They seem very counterintuitive to me and I always have to convert them to probabilities by doing a:b > a/(a+b) except when they are in form 1:x or x:1 where x is large, meaning that I can conveniently convert them to 'very (im)probable'. I like the naming, though, odd as they are. 82.103.198.180 10:52, 23 July 2006 (UTC)
- Odds and probabilities convey the same amount of information, but sometimes one is easier to use than another. Try odds ratio, logit and logistic regression as examples. --Henrygb 20:55, 23 July 2006 (UTC)
They certainly don't seem unintuitive to me. Michael Hardy 23:41, 23 July 2006 (UTC)
Odds are sometimes easier to compute with. For example, it's easier to write a Bayesian filter with odds than with probabilities. The product of two independent sets of odds appropriately combines them as evidence for or against a proposition, while the product of probabilities means something else.
In common usage, bigger odds' seems to mean less likely (a bigger 'against' odd). It also seems to mean the same in betting. [3]. Can somebody confirm this and move it to the article? Andy Rosa 18:22, 28 December 2006 (UTC)
erm[edit]
in bookies how come the odds are like 7/2 i never understand what they mean. if it said odds are: win 1/2 that would mean 50% chance right? but more often than not it will be top heavy. someone explain please
Presidential odds[edit]
What does it mean when I see a website posting odds for certain candidates, like Guiliani has 9-2 odds, or Hillary Clinton has 7-2 odds? DRosenbach(Talk | Contribs) 13:55, 27 June 2007 (UTC)
second line is wrong[edit]
The very second line of this article is wrong.You go on to say that the probability of picking Sunday is 1/7,which is correct.That would also be expressed as 6:1 odds If the formula m/(m+n) gives probablity of an event with m to n odds,then the probablity in this scenario would be 6/7, which is wrong.
It should say n/(m+n)
Gambling perspective[edit]
In gambling, representation of probabilities differs by location - (EU: 1.25, UK: 1/4, US: -400). Juz saying --90.185.76.189 (talk) 20:28, 2 April 2009 (UTC)
This is a good question. Most of the comments on this discussion page need to be deleted. The most common question - 'I don't understand the meaning of 7 to 1 odds or why this is different to P=1/7' - is answered with UNNECESSARY REPETITION (roughly the second half of the article needs to be deleted). However I'm surprised that not all the notations are well explained. '1.25 odds' means a win returns a total (including stake) of bet x 1.25, but '-400' ('moneyline odds') is currently explained as 'the stake required to return 100' ... this mystifies me, since I don't know how to bet negative money! All I know is that likely results are negative numbers while unlikely ones are positive. — Preceding unsigned comment added by 110.175.57.184 (talk) 09:41, 28 May 2011 (UTC)
What?[edit]
Starting an article with a mathematical equation is not the best way to inform people. Can we have some 'plain speak' for those of us who are math challenged? —Preceding unsigned comment added by 65.23.116.46 (talk) 06:54, 2 May 2009 (UTC)
- I believe that the explanation in the article is plainly wrong, and there is no reference. The odds for getting six when throwing a die, (a dice), is 1 to 5, not 1/5. Odds are unnormalized probabilities. The normalizing divisor is the sum of the odds, so the probability for getting six when throwing a die is 1/(1+5), and the probability for not getting six when throwing a die is 5/(1+5). While probabilities are almost never integers, odds are very often integers, and so odds are more easily accepted by nonmathematicians. Bo Jacoby (talk) 19:22, 21 July 2009 (UTC).
References?[edit]
I have never come across this way of speaking. On this account if an event were given odds of 1000, it would be considered very likely. However in the UK, 'a thousand to one' would refer to a very UNlikely event. This page gives no references as to where exactly this information is coming from. Please supply that information. Incompetnce (talk) 13:36, 3 August 2009 (UTC)This is where metaphor maybe encountered, such as the Australian colloquialism 'What are the odds?...London to a brick' if someone were giving opinion of the millions-to-one certainty of a horse winning. How about infinity-to-one? See article on infinity and certainty.SignedJohnsonL623 (talk) 04:51, 17 July 2011 (UTC)
Breaking up 'Gambling odds versus probabilities' section[edit]
This passage uses a single example to touch on two different issues, which I think would be better addressed in separate sections:
1) The distinctions among the terms 'odds','probability', and 'chances'.
2) The distinction between the odds a bookie posts and (his beliefs about) the true odds of each outcome
2) The distinction between the odds a bookie posts and (his beliefs about) the true odds of each outcome
Btw, does 'chances' have an agreed-upon definition, either in math or in common parlance? Or do people sometimes use it to mean odds and sometimes use it to mean probability?
Kathryn Tzvia (talk) 11:20, 28 January 2010 (UTC)
- There is an agreed-on definition but some writers are sloppy or careless. 2 IN 5, and 2 TO 3 are both sometimes call chances, sometimes odds, obviously they both define the same probability, hence people don't need to be careful.
Also one can say 'a chance' meaning an opportunity and 'chance' meaning probability.
2 chances for and 3 chances against is odds 2:3. It's 2 chances in favour out of 5 altogether so a chance of 2/5. Richard Gill (talk) 05:59, 23 April 2013 (UTC)
Terminology/math errors[edit]
'In a 3-horse race, for example, the true chances of each of the horses winning based on their relative abilities may be 50%, 40% and 10%. These are the relative probabilities of the horses winning and are simply the bookmaker's 'odds' multiplied by 100 for convenience.'
1) I think 50%, 40%, 10% can(must?) be called probabilities of the horses winning (not 'relative probabilities'), since they represent the probability of that horse winning out of all possible outcomes, as opposed to the ratio between the probabilities of any two of the horses winning.
- Agree. 50% is a chance, not an odds. 50%= 50/100.Richard Gill (talk) 05:51, 23 April 2013 (UTC)
2) A more vital point: the percentages given are the probabilities [put in decimal form and] multiplied by 100, not the odds multiplied by 100.
Probability of horse #1 winning is 1/2, i.e, .5, i.e., 50%.
Probability of horse #2 winning is 2/5, i.e. .4, i.e., 40%etc.
Odds of horse #2 winning are 2:3, b/c if they have a 40% chance of losing, they have a 60% chance of winning, so the ratio is 40/60 or 2/3 or 66.67%, although I'm not sure it would really mean anything coherent to say 'the odds of horse 2 winning are 66.67%'.
- The odds are 2:3 (2 in favour, 3 against) and the probability is 40% = 2/(2+3). Richard Gill (talk) 05:54, 23 April 2013 (UTC)
3) In the rest of the passage, I believe the odds of each horse winning are all stated backwards, meaning they actually give the odds of each horse losing. Saying the probability of a horse winning is 60% represents odds of 6:4, not 4:6.
I'm a new editor and only a dabbler in probability, so worry that I'm making errors and/or am unable to explain my points clearly, so wanted to get some second opinions before I put anything into the article. Thanks!Kathryn Tzvia (talk) 11:20, 28 January 2010 (UTC)
- You're absolutely right. Some more references would help. Richard Gill (talk) 05:54, 23 April 2013 (UTC)
Proposed merger from Fixed-odds betting[edit]
I propose merging most of Fixed-odds betting into Odds, with any material that doesn't fit there being moved into Bookmaker or Gambling. As it stands, the Fixed-odds betting article does not seem to make much sense as a stand-alone article. It covers much of the same ground as the Odds article, including different ways of displaying odds (fractional, decimal etc). It seems to have been created purely as a means of distinguishing between fixed-odds betting, Parimutuel betting and Spread betting. If this is the case, then the article should be rewritten to reflect this, and the explanation of different types of odds etc. redirected here. Any thoughts? Peaky76 (talk) 00:20, 26 April 2013 (UTC)
- There seems to be a lot of overlap between articles on these topics. It would seem sensible to have fewer, better articles, but I'm not an expert in this field: I just link here a lot when writing about horse racing. As several articles would be affected I would raise the issue at WikiProject Gambling and then go ahead if no-one objects. Tigerboy1966 08:38, 11 May 2013 (UTC)
wrong profit[edit]
If the gamble was paying 4-1 and the event occurred, one would make 40 units, or a profit of 30 units.
I think it should be
...make 50 units, or a profit of 40 units.
Jmichael ll (talk) 01:33, 23 September 2013 (UTC)
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Talk:Odds&oldid=892709621'
Also found in: Thesaurus, Medical, Legal, Financial, Idioms, Encyclopedia, Wikipedia.
Related to gambling: Gambling addiction
gam·bling
(găm′blĭng)n.1. The activity of playing a game for stakes or betting on an uncertain outcome.
2. The business of operating facilities where such activities take place.
Gambling
a system of betting used at horseracing tracks under which holders of winning tickets divide the total amount wagered in proportion to their wagers.
a devotee of games involving dice.
the casting of lots, as in a gambling game.
a machine used in pari-mutuel betting for posting odds and results.
Noun | 1. | gambling - the act of playing for stakes in the hope of winning (including the payment of a price for a chance to win a prize); 'his gambling cost him a fortune'; 'there was heavy play at the blackjack table' gaming, play diversion, recreation - an activity that diverts or amuses or stimulates; 'scuba diving is provided as a diversion for tourists'; 'for recreation he wrote poetry and solved crossword puzzles'; 'drug abuse is often regarded as a form of recreation' sporting life - active interest in gambling on sports events wager, bet - the act of gambling; 'he did it on a bet' gambling game, game of chance - a game that involves gambling vice - a specific form of evildoing; 'vice offends the moral standards of the community' throw - casting an object in order to determine an outcome randomly; 'he risked his fortune on a throw of the dice' |
Words That Mean The Same As Determined
gambling
nounbetting, gaming, punting, wageringThe most characteristic form of English gambling is betting through a bookmaker.
hazardhazardní hrahra
szerencsejáték
Words That Mean The Same Thing
도박
hazardná hra
hasardspel
gambling
[ˈgæmblɪŋ]A.N → juegom
gambling on the Stock Exchange → especulaciónfen laBolsa
gambling on the Stock Exchange → especulaciónfen laBolsa
B.CPDgambling debtsNPL → deudasfpl de juego
gambling denN → garitom, casaf de juego
gambling lossesNPL → pérdidasfpl de juego
gambling manNI'm not a gambling man → yo no juego
gambling denN → garitom, casaf de juego
gambling lossesNPL → pérdidasfpl de juego
gambling manNI'm not a gambling man → yo no juego
gambling
[ˈgæmblɪŋ]n → jeumHe likes gambling → Il aime le jeu.gambling man n (= gambler) → joueurm
Are you a gambling man, Mr Graham? → Êtes-vous joueur, M. Graham?
gambling
n → Spielennt → (um Geld); (on horses etc) → Wettennt; to disapprove of gambling → gegen das Glückspiel/Wetten sein
gamble
(ˈgӕmbl) verb to risk losing money on the result of a horse-race etc. dobbel يُقامِر рискувам jogar sázet, hrát (hazardně) spielen spille; satse παίζω τυχερά παιχνίδια, τζογάρω apostar a, jugar dinero a hasartmänge mängima قمار کردن؛ ریسک کردن pelata uhkapeliä jouer לְהַמֵר जुआ खेलना kockati (pénzben) játszik berjudi spila fjárhættuspil giocare d'azzardo かけ事をする 도박하다 lošti spēlēt azartspēles judi gokkensette på spill, satse penger uprawiać hazard جوارى كول، خمار كول ( قمار كول jogar a miza играть в азартные игры hrať; staviť igrati na srečo kockati se spela på เสี่ยงโชค kumar oynamak 賭博 робити ставку رقم داؤ پر لگانا đánh cờ bạc 买跑马赛等票进行赌博,赌博
noun (something which involves) a risk. The whole business was a bit of a gamble. waagstuk مُقامَرَه хазартна игра jogada risk, hazard das Glücksspiel chance ρίσκοempresa arriesgada, jugada õnnemäng ریسک riski entreprise risquée הִימוּרִים जुआ, दांव पर लगाना rizik kockázatos ügy perjudian fjárhættuspil; áhætta gioco d'azzardo かけ事 모험, 투기 rizikingas dalykas riskants pasākums perjudian gokhasardspill, sjanseseilasryzyko قمار jogada acţiune riscantă рискованное предприятие hazard tvegana igra kocka vågspel, chansning การเสี่ยงโชค kumar 碰運氣,冒風險 ризикована справа پر خطر اقدام việc đánh bạc 冒险,投机
ˈgamblerWhich Word Means The Same As Just
noun dobbelaar مُقامِر комарджия jogador (hazardní) hráč der Spieler spiller τζογαδόροςjugador mängur قمارباز uhkapeluri joueur/-euse מהמר जुआरी kockar (szerencse)játékos penjudi fjárhættuspilari giocatore/giocatrice d'azzardo ばくち打ち 도박사 lošėjas azartspēļu spēlētājs penjudi; kaki judi gokkerspekulant, gambler, spillerhazardzista جوارګر، قمار باز jogador cartofor игрок hráč, -ka hazarder kockar [hasard]spelare นักเสี่ยงโชค kumarbaz 賭徒 азартний гравець جواری người đánh bạc 赌徒
ˈgambling noun dobbelary مُقامَرَه хазарт jogo hazard, hra (riziko) das Spielen spil τζόγοςjuego hasartmäng قماربازی uhkapeli jeu הִימוּרִים जुआ खेलना kockanje (szerencse)játék perjudian þátttaka í fjárhættuspili/veðmálum gioco d'azzardo ばくち 도박 azartinis lošimas azartspēle berjudi het gokken hasardspill, gambling, spekulasjonhazard جوارګری jogo joc de noroc азартные игры hazardná hra hazardna igra kockanje [hasard]spel การพนัน kumar 賭博 азартна гра جوا trò cờ bạc 赌博
take a gamble to do something risky in the hope that it will succeed. waag 'n kans يُقامِر، يُغامِر рискувам arriscar hazardovat sich auf ein Glücksspiel einlassen satse; sætte på spil το παίζω κορόνα γράμματα tomar un riesgo, arriesgar riskima ریسک کردن ottaa riski prendre un risque לְהִסתַכֵּן जोखिम उठाना riskirati hazardíroz menantang risiko taka áhættu rischiare いちかばちか試す 모험을 하다 (su)rizikuoti riskēt memperjudikan nasib een gok doen gamble, satse, spille hasardzaryzykować قمار كول arriscar a risca рискнуть hazardovať tvegati kockati se göra en chansning เสี่ยงพนัน şansını denemek 碰運氣,冒風險 ризикувати کامیابی حاصل کرنے کے لیے خطرہ مول لینا mạo hiểm 冒险从事
gambling
→ مُقَامَرَة hazardní hra hasardspilGlücksspielτζόγοςjuego uhkapelijeu kockanjegioco d'azzardo ギャンブル 도박gokkengamblinghazardjogo de azarазартная игра hasardspel การพนันkumar liên quan đến đánh bạc赌博
gambling
n juego (apostando); — addiction (fam) adicción f al juegoWant to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster's page for free fun content.
Link to this page: