The beta estimate for the dummy variable for age (1 for those bigger than age 50 and 0 for those <= 50 years of age) was 1.13 in a logistic regression predicting diabetes risk from age. How can we interpret this value?

The odds of diabetes for those that are less than or equal to 50 are 3.1 times than those that are greater than 50.

The odds of diabetes for those that are older than 50 are 3.1 times than those that are less than or equal to 50.

The odds of diabetes for those that are older than 50 are 1.13 times than those that are less than or equal to 50.

The odds of diabetes for those that are less than or equal to 50 are 1.13 times than those that are greater than 50.