<Tr> <Td> </Td> <Td> This article may be too technical for most readers to understand . Please help improve it to make it understandable to non-experts, without removing the technical details . The talk page may contain suggestions . (March 2016) (Learn how and when to remove this template message) </Td> </Tr> <P> Odds are a numerical expression, usually expressed as a pair of numbers, used in both gambling and statistics . In statistics, the odds for or odds of some event reflect the likelihood that the event will take place, while odds against reflect the likelihood that it will not . In gambling, the odds are the ratio of payoff to stake, and do not necessarily reflect exactly the probabilities . Odds are expressed in several ways (see below), and sometimes the term is used incorrectly to mean simply the probability of an event . Conventionally, gambling odds are expressed in the form "X to Y", where X and Y are numbers, and it is implied that the odds are odds against the event on which the gambler is considering wagering . In both gambling and statistics, the' odds' are a numerical expression of the likelihood of some possible event . </P> <P> In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet . Thus, odds of 6 to 1 mean the first party (normally a bookmaker) stakes six times the amount staked by the second party . </P> <P> In simplest terms, 6 to 1 odds means if you bet a dollar (the "1" in the expression), and you win you get paid six dollars (the "6" in the expression), or 6 x 1 . If you bet two dollars you would be paid twelve dollars, or 6 x 2 . If you bet three dollars and win, you would be paid eighteen dollars, or 6 x 3 . If you bet one hundred dollars and win you would be paid six hundred dollars, or 6 x 100 . Of course if you lose any of those bets you would lose the dollar, or two dollars, or three dollars, or one hundred dollars . </P>

What does 10 to 1 mean in betting