Open Basket, Stars on Apron

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Definition: The return on money bet on a game, which is based on the likely outcome of the game as determined by an Oddsmaker.

Examples: Every year, oddsmakers assign odds of each team winning the Super Bowl that season. If you bet on 2-1 odds and win, you will receive two dollars for every dollar you bet. The odds for a team to make it to the Super Bowl may vary from 2-to-1 to 100s-to-1 depending on how much of a chance the oddsmakers think that team has of winning.

Odds are commonly set on many other football events as well.
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