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Likelihood vs. Odds — What's the Difference?

Likelihood vs. Odds — What's the Difference?

Difference Between Likelihood and Odds

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Likelihood

The state or fact of something's being likely; probability
Situations where there is a likelihood of violence
Young people who can see no likelihood of finding employment

Odds

Odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not.

Likelihood

The state of being probable; probability.

Odds

The ratio of the probability of an event happening to that of it not happening.
I'd say the odds are strongly in favor of the sun rising tomorrow morning.

Likelihood

Something probable.
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Odds

The ratio of winnings to stake in betting situations.

Likelihood

The probability of a specified outcome; the chance of something happening; probability; the state or degree of being probable.
In all likelihood the meeting will be cancelled.
The likelihood is that the inflation rate will continue to rise.

Odds

(chess) An advantage given to a weaker opponent in order to equalize the game when playing casually, usually by removing one of the stronger player's pieces or by giving the weaker player more time.
She beat me with knight odds but lost with rook odds.
The grandmaster gave his opponents significant time odds, of one minute versus ten minutes.

Likelihood

The probability that some fixed outcome was generated by a random distribution with a specific parameter.

Odds

Plural of odd

Likelihood

Likeness, resemblance.

Odds

Difference in favor of one and against another; excess of one of two things or numbers over the other; inequality; advantage; superiority; hence, excess of chances; probability. The odds are often expressed by a ratio; as, the odds are three to one that he will win, i. e. he will win three times out of four
The oddsIs that we scarce are men and you are gods.
There appeared, at least, four to one odds against them.
All the odds between them has been the different scope . . . given to their understandings to range in.
Judging is balancing an account and determining on which side the odds lie.

Likelihood

(archaic) Appearance, show, sign, expression.

Odds

Quarrel; dispute; debate; strife; - chiefly in the phrase at odds.
Set them into confounding odds.
I can not speakAny beginning to this peevish odds.

Likelihood

Appearance; show; sign; expression.
What of his heart perceive you in his faceBy any likelihood he showed to-day ?

Odds

The probability of a specified outcome

Likelihood

Likeness; resemblance.
There is no likelihood between pure light and black darkness, or between righteousness and reprobation.

Odds

The ratio by which one better's wager is greater than that of another;
He offered odds of two to one

Likelihood

Appearance of truth or reality; probability; verisimilitude.

Likelihood

Statistical probability; probability of being true or of occurring in the future; as, the likelihood of being abducted by aliens is close to zero..

Likelihood

The probability of a specified outcome

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