What is the meaning of Odds?

The ratio of the probability of an event happening to that of it not happening.

The ratio of winnings to stake in betting situations.

An advantage given to a weaker opponent in order to equalize the game when playing casually, usually by removing one of the stronger player's pieces or by giving the weaker player more time.

plural of odd

indefinite genitive singular of oddur

odds

odds

Source: wiktionary.org