Popular Terms
Probable number of times an event is likely to occur, expressed as the ratio of number of probable occurrences to the number of probable non-occurrences. Thus, if an event 'A' has an associated probability 'p,' the probability of its not occurring is (1-p), and odds on A are = p รท (1 - p).

Use 'odds' in a Sentence

Even though it is tempting to believe that after a coin has been flipped ten times and turned up heads each time, that the next time has a greater chance of coming up tails, the odds of that happening are still only fifty/fifty.
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The odds of that occurring were quite small but we decided to invest in insurance to safeguard us from unexpected losses.
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If you want to try out a new risky venture you must weigh the odds and decide if the reward is better than the risk.
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