Odds on

The term odds on describes odds in which the potential amount you can win (over and above your stake) is less than the amount you stake.

odds onOdds on for a selection indicate that the bookmaker believes there’s more than a 50% – or more than an “even” – chance of the selection winning. For example, odds of 1/3 indicate that a bookmaker will pay you £1 for every £3 you stake on a bet if the bet wins. Essentially, the bookmaker is betting on the outcome occurring.

Odds in which the amount you can win, excluding your stake, is higher than the amount you stake are known as odds against.