Odds are a numerical expression, usually expressed as a pair of numbers, used in both gambling and statistics. In statistics, the odds for or odds of some event History · Terminology · Statistical usage · Gambling usage. Definition of Odds: Odds in probability of a particular event, means the ratio between the number of favorable outcomes to the number of unfavorable outcomes. Odds are used to describe the chance of an event occurring. The odds are the ratios that compare the number of ways the event can occur with the number of.
Odds for an event Video