odds

noun C1

Meaning

The term "odds" refers to the probability or likelihood of a particular event occurring, often expressed as a ratio or fraction that quantifies the chances of an outcome relative to its alternatives; it is frequently employed in statistical analysis, gamb
💡 While "odds" is commonly associated with gambling, its application in statistical and probabilistic contexts is broader and often more formal; it is important to distinguish between casual and technical uses to avoid ambiguity.

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