<p><strong>Noun</strong></p><ul><li>the probability that something is so, will occur, or is more likely to occur than something else: The odds are that it will rain today.</li><li>the ratio of probability that something is so, will occur, or is more likely to occur than something else.</li><li>this ratio used as the basis of a bet; the ratio by which the bet of one party to a wager exceeds that of the other, granted by one of two betting opponents to equalize the chances favoring one of them: The odds are two-to-one that it won't rain today.</li><li>an equalizing allowance, as that given the weaker person or team in a contest; handicap.</li><li>an advantage or degree of superiority on the side of two contending parties; a difference favoring one of two contestants.</li><li>an amount or degree by which one thing is better or worse than another.</li></ul>