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The Chances. Ex: What are the Chances that I will be rich tomorrow? The odds are most likely to be high, if I have no plan to get there. That's pretty much what odds mean.

** this originates from gambling...especially gambling on horses (though the same practices apply to other kinds of racing betting and also betting on sporting events, I believe....and possibly roulette, though those are fixed odds).

Before a horse race when people are placing bets, the different horses in the race will have different 'odds' -- the amount of pay off a bettor will get if his chosen horse wins...horses likely to win are those good to bet on due to the probability of them finishing first (or placing if that is what you are betting on) but have lower odds -- for example, a horse with a very good record might have odds of 1 to 1 or 2 to 1 (i think that's right) which means that if you bet a dollar and the horse won, you would get what you bet or get twice what you be (so you would end with 2 or 3 dollars).

The odds are much greater on horses unlikely to win...so if they DO somehow cross the finish line first you will get a huge payoff (sometimes 100 or 1000 to one)...but the probability of winning that money is very low. "Long odds". A slim chance.

Therefore, 'what are the odds' is reference to a gambler asking a bookie what kind of payoff a certain racer has, to try and figure out how much to bet, how much they might win, and if it's a good bet to make.

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13y ago

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