What does odds-on mean?

Odds-on means the price is under $2.00, so you win less than you bet because the bookie thinks it will happen more often than not.

The opposite is odds-against: any price over $2.00.

Odds-on does not mean safe. A $1.50 shot still loses about 1 time in 3 at a fair price.

As of 5 October, the bookies keep about $5 of every $100 bet on who-wins bets across the games we track.

Related questions

• Why do favourites lose money over time?
• What does even money mean in betting?
• Is there such a thing as a sure bet?

Updated 5 October 2026. More betting questions · How we write and correct our pages.