true odds
Real statistical likelihood
True odds represent the actual mathematical probability of an event occurring, expressed as a ratio.
In gambling, true odds differ from the odds a casino or bookmaker offers—the house edge comes from paying less than true odds would require.
If a fair coin flip has true odds of 1:1, a casino might pay 0.95:1, keeping the difference as profit.
- actualExisting in fact
- probabilityQuantified chance of occurrence
- fairImpartial and unbiased
- fair valueReasonable exchange price
- realTruly existing, not fake
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