The odds on the favorites, per a mathematical formula that factors in awards season data and historical trends.

Editor’s note: Previous versions of the simulation were incorrectly calculating each team’s odds of reaching the conference finals and beyond. That error has been ...

When you see betting odds like +200 or -120, the first thing you think of is potential payouts, but there’s more. Those odds reflect a hidden percentage and the bookmaker’s estimate of how likely that ...

where $l$ and $u$ are the lower and upper probability bounds, while $\phi$ and $\psi$ denote propositional logic formulas. For example the following two sentences ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...

Probability is the measure of the likelihood that an event will occur. In simple terms, it tells us how likely it is for a particular outcome to take place. When there are multiple events, calculating ...

Intersection probability is a fundamental concept in the field of probability and statistics. It helps us understand the likelihood of two or more events occurring simultaneously. This article will ...