The odds in favor of winning $5 or more is 1:2.
In a carnival drawing, a yellow ticket wins $1, a green ticket wins $5, and a blue ticket wins $10. There are 20 green tickets, 25 yellow tickets and 5 blue tickets.
What is the odd?
Odd refers to a number that will have a remainder of 1 when divided by 2. Odd also describes something that is unusual or weird. Odd has many other senses.
Since there are 20 green tickets and 5 blue tickets that means there are 25 tickets that could win $5 or above and the total number of tickets are 50. That means there is a 25/50 chance you could win a ticket above $5. If you simplify the ratio you will get 1/2 or 1:2.
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