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Since 4:1 are the correct odds for that scenario, it seems that the sentence "If you make this call four times, mathematics says that you will hit your draw once." was a mistake, rather than an error. Their intention was probably to say that for every four times you lose you'll win one, or for every five times you play you'll win one. In any case, your ...


The article is correct in the way it uses 4:1 and 5:1. Under their assumptions (actual value given their example is more like 4.2:1), you are "4 to 1" to make it while you are getting "5 to 1" on your money. I'd say that this is precisely because both are written / pronounced / thought of this way that it's convenient. If you check the Wikipedia article on ...

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