![]() There are only two possible outcomes of a coin flip – either heads or tails will come up. Ask yourselves what is the probability of tails coming up the next time you flip the coin. ![]() The concept of probability can best be explained by giving the coin-flip as an example. So in this instance, 1 represents the number of ways to win with a straight up bet, while 37 stands for the total number of possible outcomes. For every straight up bet, there are two possible outcomes – the player either wins or loses. In European roulette, all 37 numbers have equal chances of coming up. ![]() The second number or 37 in our example, represents the overall number of possible outcomes. When the probability is expressed as a fraction, the first number stands for the expected frequency of a given event occurring. When the concept of probability is applied to roulette, it is expressed as “1 out of 37”, for example, or is written down as 1/37, which is the same thing. In casino games like roulette, however, the term denotes the likelihood that a given number will come up. Generally speaking, the term “probability” can be defined as the likelihood that a specific event or outcome will occur.
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