First let's distinguish between probability and odds.
We look at probability as the
number of successes
total number
and odds as
number of successes
number of failures
You can rewrite this as percentages as well as numbers.
If the mechanism fails 2.6% of the time, then the odds of failure is
2.6. = 2.6 = 0.02559
100-2.6 97.4
The odds against failure is the reciprocal of the above
97.4 = 37.46
2.6