Quote:
Originally Posted by ericschand
No. The odds do not change, assuming all other constants are the same,
it will remain the same.
The probability will change, as the amount of time gone by changes, etc.
This probability will draw towards 1. This number is NOT the same as the
odds.
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The equation always stays the same. Odds are always equal to 1/(1-p), where p = probability. The odds cannot change without probability also changing. Neither has any account in its equation for the passage of time, except to say that shorter passages of time have lower probabilities and odds than longer passages of time.