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Odds | Definition of Odds by Merriam-Webster

Definition of odds. 1 a (1) : the probability that one thing is so or will happen rather than another : chances the odds are against it. (2) : the ratio of the probability of one event to that of an alternative event. b (1) : a difference favoring one of two opposed things overwhelming odds. (2) : a difference in terms of advantage or disadvantage what's the odds, if thinking so makes them happy — Flora Thompson.

ODDS | meaning in the Cambridge English Dictionary

odds definition: 1. the probability (= how likely it is) that a particular thing will or will not happen: 2. in…. Learn more.

Odds - definition of odds by The Free Dictionary

odds. (ŏdz) pl.n. 1. A certain number of points given beforehand to a weaker side in a contest to equalize the chances of all participants. 2. a. The ratio of the probability of an event's occurring to the probability of its not occurring. b.

How to Read Betting Odds | Moneyline.com

Odds represent the likelihood of an outcome. In sports betting, each team is assigned odds — assigned by a sportsbook — that represent the likelihood of its winning the game. In a betting line between two teams, the team expected to win is called the favorite. The team expected to lose the game is called the underdog.

What are the odds - Idioms by The Free Dictionary

Definition of what are the odds in the Idioms Dictionary. what are the odds phrase. What does what are the odds expression mean? Definitions by the largest Idiom ...

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How To Read Betting Odds: Guide to Understanding Odds ...

You’re most likely to come across American odds when you’re betting at American sports betting sites. This odds expression indicates a bettor’s return relative to a base figure of 100 units. American odds start with either a positive or negative sign (e.g. -200 or +200).

Explaining Odds Ratios

This article has been cited byother articles in PMC. What is an odds ratio? An odds ratio (OR) is a measure of association between an exposure and an outcome. The OR represents the odds that an outcome will occur given a particular exposure, compared to the odds of the outcome occurring in the absence of that exposure.

Idiot's Guide to Odds Ratios — JournalFeed

Odds. Odds seems less intuitive. It is the ratio of the probability a thing will happen over the probability it won’t. In the spades example, the probability of drawing a spade is 0.25. The probability of not drawing a spade is 1 - 0.25. So the odds is 0.25/0.75 or 1:3 (or 0.33 or 1/3 pronounced 1 to 3 odds).