Webster's English Dictionary

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odds

odds \'a:dz\ n pl but sing or pl in constr  archaic  1a: INEQUALITIES  obs  
   1b: degree of unlikeness  2a: amount by which one thing exceeds or falls 
   short of another  2b1: difference favoring one of two opposed things  2b2: 
   ADVANTAGE, BENEFIT  2c1: the probability that one thing is so or will 
   happen rather than anothe r : CHANCES 2c2: the ratio of probability that 
   one thing is so or will happen rather th an another 3: DISAGREEMENT, 
   VARIANCE - usu. used with at  4a: special favor : PARTIALITY  4b: an 
   allowance granted by one making a bet to one accepting the bet desig ned to 
   equalize the chances favoring one of the bettors