The ratio of positive outcomes compared to negative outcomes, as expected in the long term given a particular situation; as opposed to odds against. Expressed with the number of expected positive outcomes first.
ADDITIONAL INFORMATION: Odds for and odds against reflect the same ratio expressed in opposite ways. Example: A situation with 5:1 odds against would have 1:5 odds for. It is typical to refer to odds for in cases where the likelihood of success is better than 1:1 and to refer to odds against when the likelihood of success is worse than 1:1.
EXAMPLE: "The favorite had 4:1 odds for, but the underdog sucked out on the river."
APPLIES TO: Online and Land-based Venues
A situation in which there is a greater probability that it will happen than there is a probability that it will not happen.
EXAMPLE: "I had odds for winning the hand, but my opponent outdrew me on the river."