What do odds mean in betting?

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From Longman Business Dictionaryoddsodds ɒdzɑːdz noun 1the odds how likely it is that something will happenThe odds of us achieving our sales targets the odds meaning, definition, what is the odds: how likely it is that something will or: Learn more

real lottery night Odds that President Joe Biden will drop out of the 2024 election exceeded 80% Wednesday Odds is the payout of a winning bet Odds show how much money you will win, if you bet on an event to happen The higher the odds are, the more you will win,