In gambling, the odds describes the ratio of the size of the potential winnings to the gambling stake;"Odds" and "Risk" are the most common terms which are used as measures of association between variables In this article, which is the fourth in the series of common pitfalls in statistical analysis, we explain the meaning of risk and odds and the difference between the two Note that an odds ratio is a good estimate of the risk ratio when the outcome occurs relatively infrequently (
Definition And Calculation Of Odds Ratio Relative Risk Stomp On Step1