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Odds ratio showing the probability of something happening. In betting, a ratio that expresses the probable outcome of an event. For example, the odds on a particular team may be 2/1 to win a specific game. This means that the punter must risk a £1 for a chance to £2.

The most common odds used by bettors are odds on sporting events, such as football and horse racing. As well as internet casino and poker odds, when betting on the spin of a roulette wheel or the turn of a card in a poker game like texas hold'em.

There are many advantages to betting odds on the internet. You can bet 24 hours a day, 7 days a week; you can do it right from your own home; and you can place odds bets of as little as 1p ( see williamhill ).

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