Betting Odds (Noun)
Meaning
The ratio by which one better's wager is greater than that of another; "he offered odds of two to one".
Classification
Nouns denoting relations between people or things or ideas.
Examples
- The betting odds for the football match were clearly in favor of the home team, with most bookmakers offering a ratio of 3:1 against an away win.
- He decided to place a bet on the underdog, hoping to take advantage of their higher betting odds and potentially win big.
- In Las Vegas, casinos make millions from people who don't understand the betting odds and therefore make bad bets.
- The sportsbook had a wide range of betting odds available for the tennis tournament, allowing punters to choose the ones that best suited their strategies.
- Knowledge of betting odds is essential for anyone looking to make informed decisions when placing a wager on any type of event.