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  2. For example, a Pick 3 lottery has a total of 1000 possible outcomes, from 000 to 999. So a single bet, say 123, has a 1 in 1000 chance of winning. The chance of winning is 1 out of 1000, while the chance of losing is 999 out of 1000. Therefore, A:B = 1:999 and that is what you would enter into this calculator to find the probability.
    www.calculatorsoup.com/calculators/games/odds.p…
    A hypothetical example: You have a 1/1000 chance of being hit by a bus when crossing the street. However, if you perform the action of crossing the street 1000 times, then your chance of being hit by a bus increases to about 60% because every time you do the action, the probability of it happening again increases.
    math.stackexchange.com/questions/935241/1-100…
    It says a given event will happen about one time per thousand trials, so p = 1/1000 = 0.001 = 0.1%. “Four chances in ten thousand”? p = 4/10,000 = 0.0004 = 0.04%.
    brownmath.com/stat/odds.htm

    To make things more concrete, let‘s look at some statistical examples across different fields:

    • Your odds of being struck by lightning in your lifetime are about 1 in 1000. A rare 0.1% probability event.
    www.33rdsquare.com/what-is-a-0-1-chance/
     
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