Question: If the odds for E equal the odds against E', then P(E)=1/2. Is this statement false because the odds for E is always equal to

If the odds for E equal the odds against E', then P(E)=1/2. Is this statement false because the odds for E is always equal to the odds against E' regardless of the value of P(E) OR, is it false because the odds for E is equal to the odds against E' only when P(E) is less than 0.5?

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