Gambling Opportunities

As a gambling term, "high odds" refers to a bettor's potential for high winnings on a particular bet. High odds are often offered when an event is believed to be less likely to occur. For example, high odds may be set for outcomes such as the victory of a lesser-known horse in a horse race or the victory of an underfavored team in a major sporting event. Although higher odds promise larger winnings, they also indicate a higher risk of losing the bet.