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; as, the odds are three to one that he will win, i. e. he will win three times out of four

The line or price for a bet.

The mathematical probability of an outcome. Expressed as a ratio.

The chances of making a hand vs. the chances of not making a hand.

chess players.

A method of using a handicap in chess. Rook-odds means that one player removes a rook before the start of the game. Pawn-and-move odds means that one player removes a pawn and also takes the Black pieces, thereby allowing the opponent to move first.

Handicaps, point spreads and prices offered to the punter.

The likely hood of something happen determined by a statistical analysis of cards in play.

Projecting the stock price randomly into the future using the SV, this is the predicted profits divided by the predicted losses

Odds is the predicted profits divided by the predicted losses obtained by projecting the stock price randomly into the future using the Statistical Volatility (SV). The prediction stops at the expiration of the earlist expiring option leg.