represents the probability of the event B, knowing that event A has already occurred. It is called conditional probability.
Conditional probability can heavily change the probability of an event, even if you know its apriori probability. Consider this example.
We're flipping two coins, and we define the following events:

Before flipping the two coins, we know that

In fact, there are four outcomes with the same probability:

But what if we condition the probability of C to events A or B? We have

In fact, there's no way that both coins can land on heads, if the first one landed on tails. On the other hand,

Because now that we know that the first coin landed on heads, there are only two possible outcomes:
