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If a race horse runs 100 races and wins 25 times and loses the other 75 times, the probability of winning is 25/100 = 0.25 or 25%, but the odds of the horse winning are 25/75 = 0.333 or 1 win to 3 loses.
For example, 3/1 odds mean you profit three times the amount you wagered. AR$1 bet at 3/1 would pay outR$4 in total, or aR$3 profit and yourR$1 original wager. Conversely, 1/3 odds mean you profit a third of what you wagered. AR$30 bet on 1/3 odds would returnR$40 total, or aR$10 profit and yourR$10 original wager.
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  • Simply put, the winners of the Nations League will take home the coveted trophy and the title of CONCACAF Nations League champions. The tournament also serves as a route to qualify for the CONCACAF Gold Cup.
    The Nations League also partly acts as qualification for both the World Cup and European Championships, with teams who perform well in the competition but don't qualify for either of the summer tournaments via the usual qualifying procedure earning a second chance through a playoff.
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