Keyword Analysis & Research: odds


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Frequently Asked Questions

What do the betting odds exactly mean?

The first step to understanding betting odds is appreciating what they do. Betting odds simply indicate the likelihood of an event and the return you’d get if you did make a wager on the result.

What does it mean to have 'odds'?

The probability that an event will occur is the fraction of times you expect to see that event in many trials. Probabilities always range between 0 and 1. The odds are defined as the probability that the event will occur divided by the probability that the event will not occur.

What does by all odds mean?

despite very low probability; in a most unlikely way. Against all odds, she managed to win the trophy. See also: all, odds. McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.

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