Odds On
Odds on describes a situation in which an event is more likely to happen than not. A favorite is said to be odds on.
The simple explanation
If you are odds on to win, your chance is better than even. For example, a 2 to 1 favorite.
A closer look
The term comes from betting, where odds on means that you must stake more than you win. In poker, a hand that is odds on is the favorite. Aces against kings before the flop are odds on, at about 4 to 1. Understanding this helps to evaluate all-in situations.
A practical example
Pocket aces are odds on against pocket kings before the flop.
Full explanation
Odds on describes a situation in which an event is more likely to happen than not. A favorite is said to be odds on.
Odds on means more likely than not.
The hand is the favorite.
It comes from betting language.
Aces against kings are odds on.