fair bet
Odds favor it
A fair bet is a wager where the expected value equals the stake—neither side has a mathematical advantage.
More loosely, it describes something reasonably likely to happen: It's a fair bet she'll be late.
The phrase suggests confidence without certainty, acknowledging that outcomes remain uncertain but one possibility seems more probable than others.
- wagerStake on uncertainty
- chanceLikelihood of occurrence
- oddsLikelihood expressed numerically
- playing the oddsActing on statistical likelihood
- calculated riskHazard taken deliberately
probability · risk · speculation · assumption · even money · variance · likelihood · punter · hedge · risk assessment · gamble · bookmaker · prediction · stake · forecast · payout · worth a shot · randomness
fair betlong shot
Unlikely to succeed
outside chance · slim chance · snowball's chance in hell · pipe dream · fool's errand
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