Difference in favor of one and against another; excess of one of two things or numbers over the other; inequality; advantage; superiority; hence, excess of chances; probability. The odds are often expressed by a ratio, The ratio of winnings to stake in betting situations, the likelihood of a thing occurring rather than not occurring, noun plural_ The ratio of the probability of an event's occurring to the probability of its not occurring, A certain number of points given beforehand to a weaker side in a contest to equalize the chances of all participants, An amount or degree by which one thing exceeds or falls short of another