Odds are defined as the chance or probability of a certain outcome in an event. The odds allow you to calculate how much money you will win if you put your money in an event. The three main types of odds are Decimal, Fractional and American.

Odds are defined as the chance or probability of a certain outcome in an event. The odds allow you to calculate how much money you will win if you put your money in an event. The three main types of odds are Decimal, Fractional and American.