Chances in Atlantic City

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Possible Answers:

Odds.

Last seen on: Daily Celebrity Crossword – 7/9/19 TV Tuesday

Random information on the term “Odds”:

An odds ratio (OR) is a statistic that quantifies the strength of the association between two events, A and B. The odds ratio is defined as the ratio of the odds of A in the presence of B and the odds of A in the absence of B, or equivalently (due to symmetry), the ratio of the odds of B in the presence of A and the odds of B in the absence of A. Two events are independent if and only if the OR equals 1: the odds of one event are the same in either the presence or absence of the other event. If the OR is greater than 1, then A and B are associated (correlated) in the sense that, compared to the absence of B, the presence of B raises the odds of A, and symmetrically the presence of A raises the odds of B. Conversely, if the OR is less than 1, then A and B are negatively correlated, and the presence of one event reduces the odds of the other event.

Note that the odds ratio is symmetric in the two events, and there is no causal direction implied (correlation does not imply causation): a positive OR does not establish that B causes A, or that A causes B.

Odds on Wikipedia