Dictionary Entry
Odds
In:Casino
Definitions
This is the Ratio of probabilities. It's the number of ways to win as opposed to the number of ways to lose. Or the mathematical probability of a number occuring expressed as a ratio. The fraction by which the casino offers to multiply a bettor's stake, which the bettor is entitled to receive (plus his or her own stake) if they win.
Related Terms & Definitions: Ace, All-In, Audition, Backer, Bankroll, Bankroll House, Bar, Barber Pole, Full Dictionary
Referenced In Articles
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