We calculate the probability by dividing the approximate chance of winning by all possible chances.įor example, if we have five cards and have to pick one, our probability is 1 (predicted chance of winning) divided by 5 (all chances), leaving us with 0.2 or 20%.
Probability is used to tell us how probable it is to win a game. In blackjack and betting in general, knowing this difference can help you increase your chance of winning.
Although odds and probability are terms often used interchangeably, there are important differences.