- Dictionaryodds/ädz/
plural
- 1. the ratio between the amounts staked by the parties to a bet, based on the expected probability either way: "the bookies are offering odds of 8-1"
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Odds definition is - the probability that one thing is so or will happen rather than another : chances. How to use odds in a sentence.
noun (usually used with a plural verb) the probability that something is so, will occur, or is more likely to occur than something else: The odds are that it will rain today. the ratio of probability that something is so, will occur, or is more likely to occur than something else.
1. A certain number of points given beforehand to a weaker side in a contest to equalize the chances of all participants. 2.
the odds of something happening are how probable it is that it will happen: the odds are against sth At the moment it seems the odds are against a deal. the odds are on sth/in sth's favour They are so evenly matched, the odds are on a draw. the odds are good/strong The odds are good that the country's transformation will proceed smoothly.
In statistics, odds are an expression of relative probabilities, generally quoted as the odds in favor. The odds (in favor) of an event or a proposition is the ratio of the probability that the event will happen to the probability that the event will not happen. Mathematically, this is a Bernoulli trial, as it has exactly two outcomes.
Fractional odds are the ratio of the amount (profit) won to the stake; decimal odds represent the amount one wins for every $1 wagered. American odds, depending on the negative or positive sign,...
Odds-on definition is - having or viewed as having a better than even chance to win. How to use odds-on in a sentence.
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.
- Magdalena Szumilas
- 780
- 2010