# Odds (statistics)

> If the event is a binary probability, then odds refers to the ratio of the probability of success (p) to the probability of failure (1-p). For example, suppose that a given event has a 90% probability of success and a 10% probability of failure. In this case, odds is calculated as follows:

If the event is a binary probability, then odds refers to the ratio of the probability of success (p) to the probability of failure (1-p). For example, suppose that a given event has a 90% probability of success and a 10% probability of failure. In this case, odds is calculated as follows:

$$
odds = \frac{p}{1 - p} = 9
$$