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One reason is that it is usually difficult to model a variable which has restricted range, such♣️ as probability. This transformation is an attempt to get around the restricted range problem. It maps probability ranging between 0♣️ and 1 to log odds ranging from negative infinity to positive infinity.
Odds and probability are both used to express the likelihood of an event occurring in♣️ the context of gambling. Probability is expressed as a percentage chance, while odds can be presented in a few different♣️ formats, such as a decimal, fraction, or moneyline.
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