About Course
What are the real chances of winning a lottery jackpot, and what do betting odds such as 5/1 actually mean? This course uses everyday examples to explain probability as fractions, decimals and percentages, how to convert betting odds into probabilities, expected value, and common misconceptions such as the gambler’s fallacy.
Tutwoo is an independent learning provider. This is a general skills course designed to support everyday and workplace English and maths, with reference to the Department for Education’s Functional Skills subject content. It is not an accredited qualification.
© 2026 Tutwoo UK Limited. This course was created in-house by Tutwoo and is our original work. It is for your own learning only: please do not copy, share, record or resell it.
Course Content
Course Lessons
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Probability basics
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Betting odds and implied probability
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Lotteries and expected value
Sources & Further Reading
Final Assessment
Student Ratings & Reviews
