Definition of: odds

(odz) noun plural (sometimes construed as singular)
1. An equalizing allowance based on the apparent chances of success of an opponent or contestant.
2. The amount or proportions by which one's bet differs from that of another: The odds are three to two.
3. The balance of probability that something will happen or be found to be the case.
4. In a contest of any sort, a difference to the advantage of one side: the odds in one's favor.
5. In a contest, the advantage of one side over the opposing side.
—at odds At variance; disagreeing.
—to give (or lay) odds To offer to bet with someone on terms apparently favorable to him.
—to take odds To agree to a wager on terms apparently favorable to the other person.