document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=938972>Question 938972</A>: <I><SPAN STYLE=\"word-break: break-all;\"> i can not figure this out. an event has even odds when the odds in favor of (or against) the event are 1:1. what is the probability of an event with even odds?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #572135 by </B><A HREF=/tutors/aboutme.mpl?userid=mathmate><B>mathmate(429)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mathmate><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mathmate><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=572135\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">   <BR>\n" );
document.write( "It is a play of words.  \"Even odds\" does not have anything to do with even/odd numbers at all!<BR>\n" );
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document.write( "Even is taken to mean equal, and odds the chances of winning.  In other words, the chances of winning or losing are equal, that is why it is 1:1 (or 2:2, 3:3, but we always reduce to the simplest proportion in odds).<BR>\n" );
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document.write( "Additional reference with definition from Collins dictionary:<BR>\n" );
document.write( "Even odds: a bet in which the potential winnings are the same amount as the original stake </SPAN>\n" );
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