Odds

The ratio of the chances of winning versus those of losing. The odds of rolling a 7 on two dice are 1 to 6 (6 out of 36 outcomes); an alternate phrasing is 6 to 1 against. Odds against reflect the likelihood that a particular event will not happen. In gambling, Odds against means a bet where you will receive a return of more than double your stake. The profit on the bet will be more than your stake.

In any event, every outcome has a chance or likelihood of taking place. Odds are simply an interpretation of those chances. In gambling, odds represent the ratio between the amounts staked by the bookmaker and the player to bet. The bookmakers form odds or prices to reflect those chances. Most online bookmakers give you the option of which type of odds you want to use. Odds of 6 to 1 mean the bookmaker stakes six times the amount that the player does. Gambling odds of '6 to 1' mean that there are six possible outcomes in which the event will not take place to every one where it will. In other words, the probability that the event will not happen is six times the probability that it will.

If you would like to place some bets now, please see the list of casinos that also have Sportsbooks.

Examples:

The bookmakers offer 15:1 on this team winning the game.

Can you explain betting odds to me, please?