Pricing & mathsGlossary
Odds-against
Also known as: Against
Odds where the profit exceeds the stake — implying probability less than 50%. Fractional examples: 2/1, 5/2, 10/3, 100/1. Decimal odds above 2.00. The default state for any non-favoured selection. Big odds-against winners are the standard story of UK racing and football outrights.